Travelodge, Hawker Siddeley Way, Andover Business Park, Andover
76 beds
Description
• Strategically positioned in the heart of Andover, the property benefits from excellent access to the town's amenities and strong transport connectivity, with direct rail services to London and convenient road links via the A303, providing access to the South West and beyond.
• The current passing rent is £358,311 per annum exclusive, reflecting a low average rent of only £4,715 per key.
• The lease is subject to five yearly index linked rent reviews, subject to 4% cap and 1% collar. The rent at review in December 2026 is anticipated to be £429,973* per annum exclusive.
• Strong performing hotel with average market occupancy levels of 84% based on 2024 data.
• Let to Travelodge Hotels Limited providing an attractive long AWULT of 18.33 years to expiry (including the landlords option to extend for 3 years).
• The hotel is of modern construction having been newly and purpose built prior to the lease commencement in 2016.
• EPC Rating of B 27.
• Travelodge achieved revenue exceeding £1 billion in 2025 and have a D&B rating of 5A2, representing a very low risk of business failure.
• Freehold.
Offers are sought at £5,550,000 (Five Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 7.25% and a Capital Value of £73,000 per key, assuming standard purchaser's costs of 6.80%
• The current passing rent is £358,311 per annum exclusive, reflecting a low average rent of only £4,715 per key.
• The lease is subject to five yearly index linked rent reviews, subject to 4% cap and 1% collar. The rent at review in December 2026 is anticipated to be £429,973* per annum exclusive.
• Strong performing hotel with average market occupancy levels of 84% based on 2024 data.
• Let to Travelodge Hotels Limited providing an attractive long AWULT of 18.33 years to expiry (including the landlords option to extend for 3 years).
• The hotel is of modern construction having been newly and purpose built prior to the lease commencement in 2016.
• EPC Rating of B 27.
• Travelodge achieved revenue exceeding £1 billion in 2025 and have a D&B rating of 5A2, representing a very low risk of business failure.
• Freehold.
Offers are sought at £5,550,000 (Five Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 7.25% and a Capital Value of £73,000 per key, assuming standard purchaser's costs of 6.80%
BUILDING HIGHLIGHTS
Excellent transport links
Perfectly positioned in the heart of Andover
Strong performing hotel
Let to Travelodge Hotels Limited
