The Premier Inn hotel in Ealing, W5, is up for sale for offers over £21m.
Avison Young is marketing the 165-bedroom hotel. The building is owned by Otaki Holdings, which bought it for £14.5m in 2018, according to Land Registry documents. The company, based in Jersey, is in liquidation according to government of Jersey documents, with joint liquidators appointed by creditors in October 2022.
Marketing documents say the property has five-yearly CPI-linked rent reviews, capped at 5%, with the next rent review due on 20 June 2023. The building has an EPC rating of B and has 989 years left in its freehold tenure incorporating the long leasehold.
The hotel signed a 25-year lease in 2013, with 15.2 years to expiry, and 5.2 years to a break clause. It has a passing rent of £1.16m, reflecting a net initial yield of 5.2%
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