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Travelodge Barnstaple Hotel A39 North Devon Link Rd 45 Room Hotel Barnstaple EX31 3RZ $5,074,608 CAD ($112,769 CAD/Room) 7% Cap Rate
Investment Highlights
- North Devon Freehold Hotel Investment Opportunity
- Situated in a busy commercial location, close to Roundswell Retail Park, Roundswell Business Park and a number of new developments
- Let to Travelodge Hotels Ltd on full repairing and insuring terms at a current rent of £204,367 per annum
- Strategically located in Barnstaple on the A39, the Atlantic Highway
- The property comprises a 45 room hotel, and benefits from 27 car parking spaces
- Almost immediate rent increase with the next rent review in November 2026, forecasting an increase to at least £265,000 per annum
Executive Summary
The freehold of this hotel investment opportunity is available for the guide price of £2.75 million, providing a yield of 7%.
Property Facts
| Price | $5,074,608 CAD | Lot Size | 0.45 AC |
| Price Per Room | $112,769 CAD | Building Size | 17,824 SF |
| Sale Type | Investment | No. Rooms | 45 |
| Cap Rate | 7% | No. Stories | 2 |
| Tenure | Freehold | Year Built | 1978 |
| Property Type | Hospitality | Parking Ratio | 0.6/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C |
| Price | $5,074,608 CAD |
| Price Per Room | $112,769 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 17,824 SF |
| No. Rooms | 45 |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 0.6/1,000 SF |
| Corridor | Interior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 45 | $107.03 CAD | - |
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Travelodge Barnstaple Hotel | A39 North Devon Link Rd
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