We are seeking offers in excess of £12,980,000 (Twelve Million, Nine Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 6.25% assuming purchaser's costs of 6.7% and a capital value per bed of only £100,633 (based on 129 beds).
The airport hotel has 129 beds, roof top bar and restaurant with airport runway views.
The property comprises a modern purpose built 4* hotel. Constructed in 2012, the hotel is laid out over ground floor and five upper floors providing a total of 129 rooms.
Location
The hotel is situated in a very prominent position off Harp House roundabout on an island site fronting EastwoodburyCrescent to the south, long stay airport parking to the north, staff parking to the west and Airport Retail Park to the East.
Amenities
BEST BIDS (VIA EMAIL) NO LATER THAN 12PM ON THURSDAY 13TH MARCH 2025