Property Auctions - property auctions seaton burn

Auction date: Thu, 18/05/2023 - 14:00

Freehold hotel investment. Let until 2029 with a landlord option to renew the lease for until approximately 2039. Tenant option to renew the lease for a further 25 years. Approximately 75 car parking spaces. 5 yearly rent reviews linked to the retail price index (RPI). Prominently situated. Approximate site area of 0.65 hectares (1.6 acres). Rent £173,390 per annum exclusive.