Log In/Sign Up
Your email has been sent.
Travelodge Dundee Strathmore Avenue 296A Strathmore Ave 68 Room Hotel Dundee DD3 6SH $4,469,169 CAD ($65,723 CAD/Room)
INVESTMENT HIGHLIGHTS
- Heritable Interest (English freehold equivalent): 68-bed Travelodge Hotel with bar, restaurant, and large car park (70+ spaces).
- Site Size: Approx. 0.83 acres with low site cover (20%).
- Lease: Full repairing and insuring lease, unexpired term of 12 years 7 months, subject to 5-yearly uncapped RPI-linked uplifts.
- Pricing: Offers sought over £2,400,000, reflecting a Net Initial Yield of 9.15% (assuming purchaser's costs of 6.32%).
- Location: Prominent site on Strathmore Avenue (A90 arterial route), minutes from Dundee city centre and major attractions.
- Tenant: Entirely let to Travelodge Hotels Ltd (D&B Rating 5A2), the UK's second-largest budget hotel brand (600+ hotels).
- Income: Passing rent of £233,515 per annum (£3,434 per key).
EXECUTIVE SUMMARY
The subject property comprises a modern, 68-bedroom Travelodge hotel arranged over ground and four upper floors. Repurposed to a hotel in 2003, the building offers well-maintained accommodation in line with Travelodge's contemporary brand standards, including en-suite guest rooms, a welcoming reception area, and a bar and breakfast room. The property sits on a self-contained site with dedicated on-site car parking in excess of 70 vehicles. The site is landscaped to the front and sides, with clear brand signage visible from the surrounding road network.
PROPERTY FACTS
| Price | $4,469,169 CAD | Lot Size | 0.82 AC |
| Price Per Room | $65,723 CAD | Building Size | 28,900 SF |
| Sale Type | Investment | No. Rooms | 68 |
| Tenure | Freehold | No. Stories | 5 |
| Property Type | Hospitality | Year Built | 1965 |
| Property Subtype | Hotel | Parking Ratio | 2.63/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $4,469,169 CAD |
| Price Per Room | $65,723 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 28,900 SF |
| No. Rooms | 68 |
| No. Stories | 5 |
| Year Built | 1965 |
| Parking Ratio | 2.63/1,000 SF |
| Corridor | Interior |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 68 | $74.49 CAD | - |
1 1
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Travelodge Dundee Strathmore Avenue | 296A Strathmore Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.