Travelodge Stafford Central, Hough Retail Park, Lichfield Road, Stafford
Description
UNDER OFFER
• Stafford is the county town of Staffordshire, combining rich heritage and strategic regional connectivity in the West Midlands.
• The property enjoys a prominent location in the town centre, within The Hough Retail Park close to Stafford’s key amenities, including Stafford Gatehouse Theatre, Ancient High House, and easy access to the M6 motorway.
• A purpose built 62-bed hotel arranged over ground and two upper floors and extensively refurbished in 2025.
• Let to Travelodge Hotels Limited, on a 25-year FRI lease from 8th December 2008 with an option for the landlord to extend to 13th August 2043 providing an unexpired term certain of circa 18 years.
• Current passing rent is £327,604 per annum reflecting a very low £5,284 per key.
• 5-yearly uncapped RPI linked rent reviews.
• Next rent review is due on 8 December 2028 where the rent is forecast to increase to approximately £385,500 per annum.
• Travelodge achieved revenue exceeding £1 billion in 2024 and have a D&B rating of 5A2 representing a very low risk of business failure.
• Freehold.
• Units 2 & 3 have been sold off on 999-year peppercorn leases.
Seeking offers in excess of £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds) reflecting a Net Initial Yield of 7.25% a reversionary yield of 8.52% and a capital value (per key) of £68,548.
• Stafford is the county town of Staffordshire, combining rich heritage and strategic regional connectivity in the West Midlands.
• The property enjoys a prominent location in the town centre, within The Hough Retail Park close to Stafford’s key amenities, including Stafford Gatehouse Theatre, Ancient High House, and easy access to the M6 motorway.
• A purpose built 62-bed hotel arranged over ground and two upper floors and extensively refurbished in 2025.
• Let to Travelodge Hotels Limited, on a 25-year FRI lease from 8th December 2008 with an option for the landlord to extend to 13th August 2043 providing an unexpired term certain of circa 18 years.
• Current passing rent is £327,604 per annum reflecting a very low £5,284 per key.
• 5-yearly uncapped RPI linked rent reviews.
• Next rent review is due on 8 December 2028 where the rent is forecast to increase to approximately £385,500 per annum.
• Travelodge achieved revenue exceeding £1 billion in 2024 and have a D&B rating of 5A2 representing a very low risk of business failure.
• Freehold.
• Units 2 & 3 have been sold off on 999-year peppercorn leases.
Seeking offers in excess of £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds) reflecting a Net Initial Yield of 7.25% a reversionary yield of 8.52% and a capital value (per key) of £68,548.
BUILDING HIGHLIGHTS
A purpose built 62-bed hotel.
Let to Travelodge Hotels Limited.
Current passing rent is £327,604 per annum.
Freehold
