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Travelodge Dundee Strathmore Avenue 296A Strathmore Ave 68 Room Hotel Dundee DD3 6SH $3,231,888 ($47,528/Room)
INVESTMENT HIGHLIGHTS
- Heritable Interest (English freehold equivalent): 68-bed Travelodge Hotel with bar, restaurant, and large car park (70+ spaces).
- Site Size: Approx. 0.83 acres with low site cover (20%).
- Lease: Full repairing and insuring lease, unexpired term of 12 years 7 months, subject to 5-yearly uncapped RPI-linked uplifts.
- Pricing: Offers sought over £2,400,000, reflecting a Net Initial Yield of 9.15% (assuming purchaser's costs of 6.32%).
- Location: Prominent site on Strathmore Avenue (A90 arterial route), minutes from Dundee city centre and major attractions.
- Tenant: Entirely let to Travelodge Hotels Ltd (D&B Rating 5A2), the UK's second-largest budget hotel brand (600+ hotels).
- Income: Passing rent of £233,515 per annum (£3,434 per key).
EXECUTIVE SUMMARY
The subject property comprises a modern, 68-bedroom Travelodge hotel arranged over ground and four upper floors. Repurposed to a hotel in 2003, the building offers well-maintained accommodation in line with Travelodge's contemporary brand standards, including en-suite guest rooms, a welcoming reception area, and a bar and breakfast room. The property sits on a self-contained site with dedicated on-site car parking in excess of 70 vehicles. The site is landscaped to the front and sides, with clear brand signage visible from the surrounding road network.
PROPERTY FACTS Sale Pending
| Price | $3,231,888 | Lot Size | 0.82 AC |
| Price Per Room | $47,528 | Building Size | 28,900 SF |
| Sale Type | Investment | No. Rooms | 68 |
| Tenure | Freehold | No. Stories | 5 |
| Property Type | Hospitality | Year Built | 1965 |
| Property Subtype | Hotel | Parking Ratio | 2.63/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $3,231,888 |
| Price Per Room | $47,528 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 28,900 SF |
| No. Rooms | 68 |
| No. Stories | 5 |
| Year Built | 1965 |
| Parking Ratio | 2.63/1,000 SF |
| Corridor | Interior |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 68 | $53.86 | - |
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Travelodge Dundee Strathmore Avenue | 296A Strathmore Ave
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