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Malmaison Dundee 44 Whitehall Cres 91 Room Hotel Dundee DD1 4AY $21,429,644 ($235,491/Room) 7% Cap Rate
EXECUTIVE SUMMARY
Grade A listed 91-bed boutique hotel with Chez Mal Brasserie and Mal Bar, occupying a prime city-centre location opposite Dundee Station and adjacent to the £1bn Waterfront regeneration.
Let to Malmaison and Hotel du Vin Property Holdings Ltd (guaranteed by Malmaison Hotel du Vin Holdings Ltd, part of Frasers Property) on a fully repairing and insuring lease with approx. 23 years unexpired. Current passing rent £1,171,500 p.a., subject to 5-yearly upward-only RPI-linked reviews (2%–4% collar and cap). Offers sought in excess of £15,685,000, reflecting a net initial yield of 7.00%.
Let to Malmaison and Hotel du Vin Property Holdings Ltd (guaranteed by Malmaison Hotel du Vin Holdings Ltd, part of Frasers Property) on a fully repairing and insuring lease with approx. 23 years unexpired. Current passing rent £1,171,500 p.a., subject to 5-yearly upward-only RPI-linked reviews (2%–4% collar and cap). Offers sought in excess of £15,685,000, reflecting a net initial yield of 7.00%.
PROPERTY FACTS
| Price | $21,429,644 | Building Class | B |
| Price Per Room | $235,491 | Lot Size | 1.68 AC |
| Sale Type | Investment | Building Size | 66,456 SF |
| Cap Rate | 7% | No. Rooms | 91 |
| Tenure | Freehold | No. Stories | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1889/2014 |
| Property Subtype | Hotel | Corridor | Interior |
| Price | $21,429,644 |
| Price Per Room | $235,491 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.68 AC |
| Building Size | 66,456 SF |
| No. Rooms | 91 |
| No. Stories | 6 |
| Year Built/Renovated | 1889/2014 |
| Corridor | Interior |
AMENITIES
- 24 Hour Access
- Restaurant
- Automatic Blinds
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $381.18 | - |
| Guest Room | 89 | $162.58 | - |
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Malmaison Dundee | 44 Whitehall Cres
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