Commercial Investment for Auction Newcastle Upon Tyne NE13 £2,500,000 - £2,600,000

Guide Price: £2,500,000
Auction Date: 18/05/2023
Property Types
Pub/Hotel/Restaurant Commercial Investment

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.

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