Chain hotel close to the center of London.
Description
The 9-storey hotel consists of 165 rooms. Floors 6 and 7 (20 rooms) were completely renovated in February 2023.
There is a parking for 33 cars, a 29-seat bar and a 74-seat restaurant.
Plot area — 3,700 m².
The annual income is £ 1,169,700 (~ € 1,368,500).
The yield is 5.6% (increase up to 6.4% is expected).
The property is fully let. The tenant is a large hotel chain with more than 500 branches across the UK.
The lease agreement was concluded in 2013 for a term of 25 years (the tenant can't cancel the contract till 2028).
The property is located in the West London Borough, about 10 km from Central London and 20 minutes away from Heathrow Airport, 30 minutes from Wembley Stadium, 5 minutes walk from the nearest shopping mall, close to highways.
London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland and the 3rd largest city in Europe. The population of the city is more than 8.6 million people.
London is the main political, economic and cultural center of the United Kingdom.
London belongs to the global cities of the highest rank and the world's leading financial centers. Its economy is 1/5 of the country's one.
The tourism industry employs more than 250 thousand people. Every year tourists leave in London more than 10 billion pounds.
