The Basin

4 Bridge Street, Loughborough, LE11 1NQ
Current Sale
The Basin
4 Bridge Street, Loughborough, LE11 1NQ
  • Opportunity to acquire a modern Town Centre leisure scheme anchored by a major UK covenant. 
  • A modern 87 bedroom Budget Hotel, and 3 ground floor leisure/retail units extending to 1,231.24 sqm (13,253 sq ft).
  • Freehold.
  • The Development is anchored by Travelodge Hotels Ltd with approximately 17.65 years to expiry subject to five yearly uncapped RPI linked reviews.
  • Travelodge Hotels Ltd (Company No:00769170) has a D&B rating
    of 5A1.
  • Total passing rent of £535,357 per annum with an AWULT 14.21 years to break and 16.33 years to lease expiry.
  • 74% of the income is secured against Travelodge, D&B 5A1 covenant.
  • Offers are invited in excess of £7,600,000 (SEVEN MILLION SIX HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT.
    A purchase at this level reflects a Net Initial Yield of 6.6% after allowing for usual purchasers costs at a rate of 6.6%.

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