the booking portfolio - allsop · perth broxden junction crieff road, perth ph1 3jj scotland 53...

THE BOOKING PORTFOLIO

LONG INCOME HOTEL INVESTMENT WITH 5 YEARLY

UNCAPPED RPI LINKED UPWARD ONLY RENT REVIEWS

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• An excellent opportunity to invest in a national hotel portfolio comprising 17 single let assets providing a total of 656 rooms

• All 17 assets are let on FRI leases to Travelodge Hotels Ltd expiring on 09/08/2035 with all properties benefiting from a Landlord option agreement to extend the lease by 3 years providing an unexpired effective term of in excess of 22 years

• Total Passing Rent of £2,095,693 per annum which reflects a low average rent per bedroom of approximately £3,195 per annum

• Total Net Rent £2,095,523 per annum

• 5 yearly uncapped RPI linked upward only rent reviews with the next review in 2020

• Under £150 psf capital value*

• All English properties are held on a 225 year long leasehold at a fixed annual rent of £10 per annum with an unexpired lease term of over 218 years

• Perth is held on a 175 year long leasehold at a fixed annual rent of £10 per annum with an unexpired lease term of over 169 years

• The portfolio is spread geographically across the UK in a number of established locations

• 37% of income is derived from hotels in the South of England

• Potential for alternative uses including residential, nursing home, healthcare and student accommodation subject to gaining all necessary consents

We are instructed to seek offers in excess of £28,040,000 (Twenty Eight Million and Forty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level, provides a net initial yield of 7% and an overall capital value of only £42,744 per bedroom assuming purchaser’s costs of 6.76%.

EXECUTIVE SUMMARY

*Based on measured scaled drawings provided by the vendor. Floor plans are available in the dataroom.

DATAROOMFurther information is provided in the dataroom. For access please register on the following website www.bookingportfolio.com

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BASILDON WICKFORD

DERBY CHADDESDEN

LEICESTER HINCKLEY

NOTTINGHAM WOLLATON PARK

CHESTER WARRINGTON ROAD

LIVERPOOL AIGBURTH

WARRINGTON LOWTON

BOURNEMOUTH COOPER DEAN

FRIMLEY PORTSMOUTH ROAD

PLYMOUTH ROBOROUGH

PLYMOUTH DERRIFORD

BIRMINGHAM CASTLE BROMWICH

STOKE ON TRENT TRENTHAM

COVENTRY BINLEY

LEEDS MORELY

YORK HULL ROAD

PERTH BROXDEN JUNCTION

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Travelodge Title Address Region No of Rooms

Passing Rent Per Room Lease Start Current Lease Expiry

Next Rent Review

Landlord Option to Extend Expiry

Basildon Wickford Runwell Road, Wickford, SS11 7QJ South East 24 £85,491 £3,652 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Derby Chaddesden Nottingham Road, Derby DE21 6LZ East Midlands 29 £63,541 £2,191 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Leicester Hinckley Road Hinckley Road, Leicester LE3 3PG East Midlands 31 £67,007 £2,162 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Nottingham Wollaton Park Derby Road, Wollaton Vale, NG8 2NR East Midlands 34 £97,044 £2,854 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Chester Warrington RoadWarrington Road, Mickle Trafford, Chester CH2 4EX

North West 36 £107,442 £2,985 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Liverpool Aigburth Aigburth Road, Liverpool L19 9DN North West 33 £94,734 £2,871 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Warrington Lowton Newton Road, Lowton, Warrington WA3 1HD North West 58 £154,809 £2,669 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Bournemouth Cooper Dean Cooper Dean Roundabout, Bournemouth BH7 7DP South West 28 £110,908 £3,961 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Frimley Portsmouth Road 114 Portsmouth Road, Frimley GU15 1HS South East 43 £218,349 £5,078 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Plymouth Roborough Tavistock Road, Plymouth PL6 7HB South West 38 £86,647 £2,281 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Plymouth Derriford Derriford Road, Plymouth, Devon PL6 8BD South West 75 £268,027 £3,574 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Birmingham Castle BromwichChester Road, Castle Bromwich, Birmingham B36 0AG

West Midlands 31 £93,578 £3,019 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Stoke on Trent TrenthamLongton Road, Stoke on Trent, Staffordshire ST4 8BU

West Midlands 31 £70,473 £2,273 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Coventry Binley Brinklow Road, Coventry CV3 2DS West Midlands 40 £90,112 £2,253 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Leeds Morely Bruntcliffe Road, Morley, Leeds LS27 0LY North East 32 £97,044 £3,033 10/08/2010 09/08/2035 09/08/2020 16/07/2038

York Hull Road Hull Road, York, YO10 3LF North East 40 £212,573 £5,314 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Perth Broxden Junction Crieff Road, Perth PH1 3JJ Scotland 53 £177,914 £3,357 10/08/2010 09/08/2035 09/08/2020 16/07/2038

Total 656 £2,095,693

TENANCY SCHEDULE

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RENT REVIEWThe lease is subject to uncapped 5 yearly upward only rent reviews linked to RPI.

LEASE TERMSThe properties are let on a full repairing and insuring terms to Travelodge Hotels Ltd for a term of 25 years from 10 August 2010 expiring on 9 August 2035.

The properties are subject to landlords option to extend the lease by three years thereby expiring 16 July 2038.

TRAVELODGE COVENANT INFORMATION

TENUREThe English properties are held on a 225 year long leasehold from and including 10th August 2010 at an annual rent of £10 per annum without review.

Perth is held on a 175 year long leasehold from 10 August 2010 to and including 9 August 2185 at an annual rent of £10 per annum without review.

Founded in 1985, Travelodge is the UK’s first budget hotel brand and is now Britain’s only independent hotel chain. The company is the second largest hotel brand in the UK with 30.4% of the UK budget hotel sector and as of January 2016 the chain operates 526 hotels and 38,000 rooms across the UK, Ireland and Spain. Their website is one of the UK’s top five most visited travel websites with over 1.2 million visits each week and over 80% of all reservations are now made online.

More than 80% of their hotels are located in major city centres, towns and popular holiday destinations and it is one of the biggest hotel brands in London and the biggest hotelier in Edinburgh and Birmingham.

In October 2012 the ownership of Travelodge transferred from Dubai International Capital (DIC) to three of the company’s investors, Golden Tree Asset Management, Avenue Capital Group and Goldman Sachs. Under the stewardship of the new owners the chain has increased revenue by 25% and profit 218% between 2012 and 2014.

Travelodge has recently undertaken a successful refinancing and the proceeds of the new arrangements have allowed Travelodge to repay all their existing bank loans on 10 May 2016, which were due in 2017 and 2018. This extends the maturity of Travelodge’s debt, giving the company room to operate and greater flexibility.

The company benefited from record customer numbers and further growth from new hotels in 2015. The EBITDA of £101.9m in the 2015 accounts was the highest recorded in the company’s 30 year history.

Key performance details are as follows:

UK like for like Key Performance Indicators

2015 2014 Growth

Occupancy 76.6% 75.6% 1.0 pts

Average room rate £50.19 £45.53 10.2%

Revenue Per Available Room £38.44 £34.42 11.7%

EBITDA £101.9m £62.8m 62.3%

Operating Profit* £64.1m £32.4m 98%

*Before exceptional items.

Following completion of the £100m modernisation programme customer feedback increased with new look hotels benefiting from an average Trip Advisor of 4 out of 5 stars. Following the upgrading of rooms and ‘That’s Travelogical’ advertising campaign like for like occupancy increased by 1%. Revenues increased 13% to £552m with direct business sales up by 45% on the previous years. Due to tight cost controls EBITDA rose by 60% to £101.9m and operating profits increased by 98% to £64.1m.

Company accounts, D & B and Riskdisk Ratings are available on the dataroom.

Source: Travelodge Hotels Ltd 31 December 2015 Company Accounts.

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BASILDON WICKFORD RUNWELL ROAD, WICKFORD, SS11 7QJ

• Standalone two storey hotel with 24 en-suite bedrooms benefiting from shared car parking with the adjacent public house

• Ideally located in the attractive town of Wickford 30 miles north east of Central London

• Situated adjacent to Wickford’s main arterial road the A132 benefiting from passing motorist trade

• Current rent passing £85,491 per annum (£3,562 per room)

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© Crown Copyright, ES 100004106. For identification purposes only.

BASILDON WICKFORDRUNWELL ROAD, WICKFORD, SS11 7QJ

LOCATIONWickford is an attractive town in Essex strategically located within easy commuting distance of Central London (30 miles to the south west), the popular seaside town of Southend-on-Sea (10 miles to the south east) and the local commercial, retail and leisure centre of Basildon (3 miles to the south).

The Port of Tilbury is located 16 miles south west of Wickford and is the largest deep water port on the River Thames providing distribution services for London and the south east.

Road communications are good being located on the A127, and within close proximity to the A13 and M25 and the national motorway network beyond. In addition, rail services to London Liverpool Street are available with a journey time of approximately 36 minutes. Southend Airport is located approximately 25 minutes drive away.

SITUATIONThe property is situated on the outskirts of Wickford with frontage directly onto the A132 and close to the junction with the A130. The property is approximately 2.6 miles north east of Wickford Town Centre, which is home to a varied cross section of national retailers including Boots, Superdrug and New Look. The surrounding area is predominantly rural land.

DESCRIPTIONThe property is of traditional construction clad externally with brickwork to the elevations under a multi pitched tiled roof. It is arranged over ground and first floors providing a total of 24 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS Wickford attracts visitors due to its natural beauty benefiting from picturesque surroundings, listed buildings and sculptures. There are a number of heritage trails for the outdoor type and The Wick Country Park is located in close proximity. Other attractions in the surrounding area include Tropical Wings Zoo and Festival Leisure Park.

DEMOGRAPHICSWickford lies within the Borough of Basildon which has a primary catchment population of 325,000 and an estimated shopping population of 181,000. The area has 19% of the population being in class groupings AB and Basildon has an above average retiree population. Home ownership in the area is high, with 73% of population being owner occupiers, compared to the national average of 66%.

AREAThe property provides an estimated Gross Internal Area of 7,083 Sq St (658 Sq m) which has been calculated from scaled plans provided by the Vendor.

RENTThe passing rent is £85,491 per annum (£3,562 per room).

ALTERNATIVE USEThe property could potentially be redeveloped in the future to provide residential accommodation subject to gaining all necessary consents. Newly converted 1 bed and 2 bed flats are achieving approximately £280 per sq ft.

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DERBY CHADDESDEN NOTTINGHAM ROAD, DERBY DE21 6LZ

• Standalone two storey hotel with 29 en-suite bedrooms benefiting from shared car parking with the adjoining public house

• Located in the commercial centre of Derby

• Prominently situated with main road frontage on Roman Road adjacent to Taddiston Park golf course and in close proximity to Derbyshire County Cricket ground


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DERBY CHADDESDENNOTTINGHAM ROAD, DERBY DE21 6LZ

LOCATIONDerby is a major city in the East Midlands and a thriving retail and commercial centre. It is located approximately 16 miles west of Nottingham, 30 miles north west of Leicester and 127 miles north west of London.

The town benefits from excellent communications with the A50 providing dual carriageway access to the M1 and M6. The City has a direct rail service to London with a fastest journey time to London St Pancras of 1 hour 28 minutes. Furthermore, the area is served by East Midlands International Airport, located approximately 12 miles to the south-east of the city.

Derby has a number of major employers including Rolls Royce plc, Premier Furniture, S&A Foods Limited and Toyota. The development of Pride Park has provided the City with a leading business park in the East Midlands.

SITUATIONThe property is located in the Chaddesden district of Derby, approximately 1 mile to the east of the city centre and is situated at the junction of Nottingham Road and Chaddesden Road.

Chaddesden Park is located to the rear of the property, with Derbyshire Cricket ground to the east.

DESCRIPTIONThe property is of traditional construction, with brickwork/rendered elevations under a pitched, tiled roof. The accommodation is arranged over ground and first floors providing a total of 29 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS The hotel attracts visitors wishing to balance countryside with the shops and historic streets of Derby centre. Near the hotel there is the flower-filled Chaddesden Park along with the local bird sanctuary and

nature reserve. In the centre of Derby visitors can enjoy a number of attractions including the historic Cathedral Quarter, the Derby Museum, Derby Art Gallery and the Royal Crown Derby Porcelain Company.

DEMOGRAPHICSDerby has a primary catchment population of 568,000 and an estimated shopping population of 398,000. The area has 21% of the population being in class groupings AB which is similar to that of the national average. The area has a demographic profile close to the UK average with many ‘pockets’ of affluent areas concentrated in the south of the city. In addition at 69% Derby has an owner occupier percentage that is higher than the UK average of 66%.

AREAThe property provides an estimated Gross Internal Area of 8,009 Sq Ft (744.1 Sq m) which has been calculated from scaled plans provided by the Vendor.



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LEICESTER HINCKLEY ROAD HINCKLEY ROAD, LEICESTER LE3 3PG


• Located in the major East Midland city of Leicester

• Prominently situated on the A47 in close proximity to the Leicester Ring Road (A563)


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LEICESTER HINCKLEY ROADHINCKLEY ROAD, LEICESTER LE3 3PG

LOCATIONLeicester is the second largest city in the East Midlands and is the principal commercial centre in Leicestershire. The city is located 43 miles north east of Birmingham, 31 miles south of Nottingham and 100 miles north west of London.

The city has excellent road communications with the A50, A46 and A563 providing access to the City Centre via junctions 21, 21A and 22 of the M1 Motorway. Leicester’s mainline railway station provides high speed train services to London St Pancras with a fastest journey time of 1 hour 10 minutes. East Midlands airport provides frequent domestic and international air travel and is located approximately 20 miles to the north-west of the city.

SITUATIONThe property is situated in Leciester Forest East with a prominent frontage to the A47, 1½ miles from the A563 Leicester ring road. The surrounding area is predominantly residential with some local retail uses. Fosse Park a major retail destination is approximately 10 minutes drive away.

DESCRIPTIONThe property is of traditional construction clad externally with brickwork to the elevations under a pitched tiled roof. It is arranged over ground and first floors providing a total of 31 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS The hotel is located in Leicester Forest East, a popular area due to its lush parks and golf courses. The Hinckley Road leads into the heart of Leicester where visitors can explore the 900-year-old cathedral, Curve Theatre and the shops at Highcross and Haymarket. Other attractions include the cosmos at the National Space Centre, the Tropical Birdland, the natural beauty of Bradgate Park and Swithland Wood, and there are also a number of popular tea rooms nearby. The King Power Stadium, home to 2016 premiership champions Leicester, is located 5 miles to the east.

DEMOGRAPHICSThe total population within the Leicester primary catchment area is 962,000, significantly above the regional centre average. The area is average in terms of prosperity with 20% of the population being in class grouping AB. In addition 68% of the population are owner occupiers, compared to the national average of 66%.





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NOTTINGHAM WOLLATON PARK DERBY ROAD, WOLLATON VALE, NG8 2NR

• Two storey hotel with 34 en-suite bedrooms benefiting from shared car parking with the adjoining public house

• Located 4 miles west of Nottingham city centre at the busy junction of the A52 and the A6464

• The University of Nottingham’s main campus is situated 500m to the east


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NOTTINGHAM WOLLATON PARKDERBY ROAD, WOLLATON VALE, NG8 2NR

LOCATIONNottingham is a major City within the East Midlands and is a significant retail and commercial centre located approximately 16 miles east of Derby, 25 miles north of Leicester and 50 miles north east of Birmingham.

The city benefits from excellent communications, being situated 7 miles east of the M1 (junction 26). By rail Nottingham has direct links to London St Pancras with a journey time of 1 hour 31 minutes. East Midlands Airport is located approximately 20 minutes from the city centre adjacent to junction 24 of the M1.

SITUATIONThe property is prominently located approximately 4 miles west of the city centre at the busy junction of the A52 and the A6464, on the main route into the city from the west. The surrounding area is principally residential with Wollaton Hall and Park to the rear, and main campus of The University of Nottingham within 500 metres.

DESCRIPTIONThe property is of traditional construction clad externally with brickwork to the elevations under a tiled, mansard roof. Accommodation is arranged over ground and first floors providing a total of 34 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS The hotel is located just 500 metres from Nottingham University and conference centre, and the popular Wollaton Hall and Park. The city centre provides ample shopping and cultural enjoyments including the Theatre Royal & Royal Concert Hall. Sherwood Forest is a royal forest in Nottinghamshire famous by its historical association with the legend of Robin Hood.

DEMOGRAPHICSNottingham has a total population within it’s primary catchment area of 1,067,000 and an estimated shopping population of 598,000. The property is located in a good quality residential neighbourhood being close to the University of Nottingham.

AREAThe property provides an estimated Gross Internal Area of 15,220 Sq Ft (1,414 Sq m) which has been calculated from scaled plans provided by the Vendor.




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CHESTER WARRINGTON ROAD WARRINGTON ROAD, MICKLE TRAFFORD, CHESTER CH2 4EX


• Located on the A56 2 miles north of Chester, in close proximity to both local and national road networks.

• Situated in a semi-rural area of high quality residential property


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CHESTER WARRINGTON ROADWARRINGTON ROAD, MICKLE TRAFFORD, CHESTER CH2 4EX

LOCATIONChester is an affluent and historic Cathedral City situated approximately 20 miles south of Liverpool, 12 miles north east of Wrexham and 35 miles south west of Manchester.

Chester benefits from excellent road links with easy access to junction 12 of the M53 motorway which in turn provides direct access to the M56 and M6. The City also benefits from excellent railway communications with frequent rail services via Crewe, to London Euston 1 hours 30 mins; Birmingham New Street 52 mins; Liverpool Lime Street 35 mins and Manchester Oxford Road 47 mins. Both domestic and international flights are available from Manchester International Airport 35 miles to the east and Liverpool John Lennon Airport 24 miles to the north.

SITUATIONThe subject property is situated 2 miles north of Chester on the A56 a short distance from the A55 which links to North Wales and easily accessible from junction 12 of the M56 motorway. The surrounding area is semi rural with high quality residential properties in the close vicinity.

DESCRIPTIONThe property is of traditional construction and is linked, detached to the adjoining public house. It is of brick construction with part rendered elevations under a pitched concrete tiled roof. The accommodation is arranged over ground and first floors providing a total of 36 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS Attractions within Chester include Blue Planet Aquarium, The Grosvenor Museum, Eastgate Clock, Chester Racecourse and the Walls of Chester. Chester Zoo has over 12,500 animals including some of the most endangered in the world and had over 1.6 million total visits in 2015.

DEMOGRAPHICSChester has a primary catchment area of 810,000 which is above the Regional Centre average. Chester benefits from areas of above average affluence including Cotton Abbots and Ashton. 72% of the population are owner occupiers, compared to the national average of 66%.





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LIVERPOOL AIGBURTH AIGBURTH ROAD, LIVERPOOL L19 9DN


• Located 4 miles south of Liverpool City Centre opposite Liverpool Cricket Club

• Prominently situated on the main arterial road (A561) between Liverpool City Centre and Liverpool’s John Lennon Airport


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LIVERPOOL AIGBURTHAIGBURTH ROAD, LIVERPOOL L19 9DN

LOCATIONLiverpool is a major city and the principal commercial centre for Merseyside strategically located on the coast approximately 35 miles south of Preston, 35 miles west of Manchester and 20 miles north of Chester.

The city has excellent road communications being served by the M62, M58 and M57 which provide easy access to the M6 approximately 12 miles to the east. Rail services to London Euston are available in approximately 2 hours 20 minutes. Liverpool John Lennon airport is located approximately 6 miles south of the city centre and provides flights to destinations within the UK and Europe. Regular ferry and Seacat services are available to Ireland and the Isle of Man.

SITUATIONThe property is situated 4 miles to the south of Liverpool city centre on the A561 Aigburth Road which is a dual carriageway leading into Liverpool city centre. It is located opposite Liverpool Cricket Ground which regularly hosts Lancashire matches.

The surrounding area is predominantly good quality residential properties with local shopping facilities.

DESCRIPTIONThe property is of modern construction built in walls of brick, render and timber relief under a pitched concrete tiled roof. It is arranged over ground and first floors providing a total of 32 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS Liverpool has the largest collection of museums and galleries in the UK outside London including the Tate Liverpool, Merseyside Maritime Museum and Walker Art Gallery. Other attractions include Anfield, the home of Liverpool Football Club, Liverpool Cathedral (Britain’s largest Cathedral) and the Albert Dock where The Beatles Story is the world’s largest permanent exhibition purely devoted to the lives and times of the Beatles.

DEMOGRAPHICSLiverpool is the second largest city in the north west of England with a primary catchment population of 1,130,000 and an estimated shopping population of 704,000. 58% of the population are owner occupiers which is lower than the national average of 66%, however, this helps to maintain the strong demand for rental accommodation in the city. The city was named European Capital of Culture in 2008.




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WARRINGTON LOWTON NEWTON ROAD, LOWTON, WARRINGTON WA3 1HD


• Prominently located on the major arterial road (A580) between Liverpool and Manchester at the junction of A580 and the A572

• Close proximity to the M6 and the M62


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WARRINGTON LOWTONNEWTON ROAD, LOWTON, WARRINGTON WA3 1HD

LOCATIONWarrington is a new town strategically located between the nearby major cities of Liverpool and Manchester, which are situated approximately 16 miles to the west and east respectively.

Warrington has excellent transport links, being located close to junction 9 of the M62, junction 21 of the M6 and bounded by the M56 to the south.

Rail services to London Euston are available in approximately 2 hours, and the town is in close proximity to both Liverpool John Lennon Airport approximately 12 miles to the west and Manchester Airport approximately 14 miles to the east.

SITUATIONThe property is situated on the A572 Newton Road at its junction with the A580 East Lancashire Road, which links Liverpool with Manchester. Junction 10 of the M62 is approximately 4 miles to the north and both junction 22 and 23 of the M6 are within 4 miles to the south and west respectively.

The hotel is 4 miles north of Warrington in the village of Lowton, adjacent to a detached Toby Carvery public house. Both Haydock Park Racecourse and Haydock Golf Course are within 3 miles of the hotel. The surrounding area is primarily residential, with a Texaco Co-operative petrol station, the Red Lion public house and a car showroom in the immediate vicinity.

DESCRIPTIONThe property is a two storey building of traditional construction with brick elevations under a slate covered roof. The hotel is completely detached from the adjacent Toby Carvery public house and has been extended in the same traditional construction. The hotel accommodation is arranged over ground and first floors providing a total of 58 en-suite bedrooms. The hotel benefits from shared access to a large car park with the adjacent public house.

LOCAL ATTRACTIONS Nearby attractions include Haydock Park Racecourse, Pennington Flash Park (birdwatching), Gulliver’s World theme park, Warrington Museum & Art Gallery and the zoo of Walton Hall.

DEMOGRAPHICSWarrington has a primary catchment area of 353,000 and an estimated shopping population of 195,000. 21% of the population are in class groupings AB compared with the national average of 20%. The percentage of owner occupiers is also higher than the national average, with 69%, compared to the national average of 66%.




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BOURNEMOUTH COOPER DEAN COOPER DEAN ROUNDABOUT, BOURNEMOUTH BH7 7DP


• Located 2.5 miles to the North East of the centre of Bournemouth on the major junction of Castle Lane East

• Situated adjacent to both the Royal Bournemouth Hospital and A3060 and A338 dual carriageway the major arterial road into Bournemouth from the north east


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BOURNEMOUTH COOPER DEANCOOPER DEAN ROUNDABOUT, BOURNEMOUTH BH7 7DP

LOCATIONBournemouth is a large coastal resort town in east Dorset located approximately 5 miles east of Poole, 24 miles south west of Southampton, 95 miles south west of London.

The town forms part of the built up conurbation including Poole and Christchurch which together form a major retail and commercial centre, with Bournemouth being the largest settlement in Dorset. It is a popular resort town known for its pier, beaches and its close proximity to the New Forest National Park.

The town benefits from good transportation links, being in close proximity to the A31, a continuation of the M3 and M27. Bournemouth has an international airport with carriers operating flights to destinations throughout the UK and Europe. Bournemouth also has a direct rail link to London Waterloo in approximately 2 hours and Southampton in 40 minutes.

SITUATIONThe property is located approximately 2½ miles to the north east of the centre of Bournemouth. It is ideally located immediately off Cooper Dean roundabout, with the property having excellent prominence to the main road, and benefiting from the large volume of passing traffic.

The surrounding area has a variety of uses, including The Royal Bournemouth General Hospital, residential, retail and leisure facilities including a Village hotel.

DESCRIPTIONThe property comprises of a three storey building with painted and rendered brickwork, and wooden clad elevations under a tiled gambrel roof. The hotel provides a total of 28 en-suite bedrooms. The hotel benefits from a large car park shared with the public house, providing parking for approximately 110 vehicles.

AREAThe property provides an estimated Gross Internal Area of 8,590 Sq Ft (798 Sq m) which has been calculated from scaled plans provided by the Vendor.


LOCAL ATTRACTIONS The largest resort in Dorset Bournemouth boasts seven miles of sandy beaches. Bournemouth attractions include Oceanarium; The Bournemouth Aquarium, Russell-Cotes Art Gallery & Museum, Hengistbury Head, Bournemouth International Centre and Langtry Manor.

DEMOGRAPHICSBournemouth has a primary catchment population of 440,000 and an estimated shopping population 172,000. Bournemouth has an above average affluent ranking and its percentage of owner occupiers (68%) is higher than that of the national average (66%). Bournemouth is considered a tourist destination and has an above average student population.



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FRIMLEY PORTSMOUTH ROAD 114 PORTSMOUTH ROAD, FRIMLEY GU15 1HS


• Located approximately 1 mile from the town centre on the main arterial road leading into Frimley from the north

• Situated in close proximity to the exclusive Camberley Heath Golf Club and junction 4 of the M3


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FRIMLEY PORTSMOUTH ROAD 114 PORTSMOUTH ROAD, FRIMLEY GU15 1HS

LOCATIONFrimley is an affluent town in Surrey situated 2 miles north of Farnborough, 10 miles south of Bracknell and 36 miles south west of London.

The town enjoys excellent communication links being in close proximity to Junction 4 of the M3 which provides direct access to the M25 and wider UK motorway network. The town has good rail links with a direct service to London Waterloo in approximately 1hr 10 minutes. Heathrow International Airport is approximately 30 minutes drive.

SITUATIONThe property is located on Portsmouth Road, the main arterial road leading into Frimley from the north, approximately 1 mile from the town centre. The property is set on an extensive site on the northern side of the road. The surrounding area provides good quality residential properties, with a number of private estates and larger detached houses.

DESCRIPTIONThe property comprises a two storey building of masonry construction with brick and tiled elevations under a pitched, tiled roof. The hotel is linked to the adjacent public house via a walkway on the first floor. The hotel provides a total of 43 en-suite bedrooms. The hotel benefits from a large car park shared with the public house, with approximately 100 parking spaces.

LOCAL ATTRACTIONS Ascot Racecourse, one of the leading racecourses in the UK is located just 8 miles from the hotel. Other nearby attractions include Camberley Heath Golf Club, the 20-acre Tekels Park, Thorpe Park and Legoland.



DEMOGRAPHICSFrimley lies within the affluent Borough of Surrey Heath and makes up 7.17% of the total of the borough’s population. Surrey Heath has a district population of 86,144 people and has an above average economically active population with those in full time employment at 44.2% compared to the national average of 38.6%. At 9.1 people per hectare Surrey Heath is considerably more densely populated than the UK average which is 4.1 people per hectare. In the area 15% of the population of those aged 16 and over have no formal qualifications, this is lower than the national average of 22.5%.



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PLYMOUTH ROBOROUGH TAVISTOCK ROAD, PLYMOUTH PL6 7HB


• Located 5 miles north of Plymouth city centre on Plymouth’s major arterial trunk road the A386 between the city centre and the A30 to the north

• Situated opposite to Plymouth’s ‘park and ride station’


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PLYMOUTH ROBOROUGH TAVISTOCK ROAD, PLYMOUTH PL6 7HB

LOCATIONPlymouth is a historic maritime city located on the Devon/Cornwall border and is the dominant urban centre in the south west peninsula of the UK. The city is strategically located between Exeter (approximately 45 miles to the north east) and Newquay (approximately 50 miles to the west).

The city has excellent road communications with both the A38 and A30 providing direct access to the national motorway network via Junction 31 of the M5 motorway at Exeter. Plymouth railway station provides a regular service to London Paddington in approximately 3 hours and to Bristol in approximately 2 hours. In addition, Plymouth is an important Continental and International sea port.

SITUATIONThe property is strategically situated north of Plymouth city centre, adjacent to the northern point of the Plymouth Airport site. The property occupies a prominent position opposite the ‘park and ride station’, on the A386 trunk road, a major arterial road between Plymouth city centre and the A30 to the north. The surrounding area is mainly residential and light commercial.

DESCRIPTIONThe property is of modern construction clad externally with brickwork to the elevations under a pitched slate roof. It is arranged over ground and first floors providing a total of 40 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS Plymouth’s ‘Park and ride station’ is adjacent to the hotel and offers direct access to Plymouth’s city centre. Other attractions nearby include Plymouth Ski Centre, Dartmoor National Park and the Adrenalin Quarry.

DEMOGRAPHICSPlymouth has a primary catchment area population of 471,000 and an estimated shopping population of 359,000. Employment in Plymouth has traditionally been biased towards the public sector, although there has been a recent influx of financial and business services to the city. Plymouth’s home ownership is in line with the national average.

AREAThe property provides an estimated Gross Internal Area of 6,975 Sq Ft (648 Sq m) which has been calculated from scaled plans provided by the Vendor.




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PLYMOUTH DERRIFORD DERRIFORD ROAD, PLYMOUTH, DEVON PL6 8BD


• Located 4 miles north of Plymouth city centre

• Situated on a prominent corner position just off the A386 trunk road and adjacent to Derriford Hospital


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PLYMOUTH DERRIFORDDERRIFORD ROAD, PLYMOUTH, DEVON PL6 8BD

LOCATIONPlymouth is a historic maritime city located on the Devon/Cornwall border and is the dominant urban centre in the south west peninsula of the UK. The city is strategically located between Exeter (approximately 45 miles to the north east) and Newquay (approximately 50 miles to the west).

The city has excellent road communications with both the A38 and A30 providing direct access to the national motorway network via Junction 31 of the M5 motorway at Exeter. Plymouth railway station provides a regular service to London Paddington in approximately 3 hours and to Bristol in approximately 2 hours. In addition, Plymouth is an important Continental and International sea port.

SITUATIONThe property is strategically situated north of Plymouth city centre adjacent to the southern point of the Plymouth Airport site.

The property occupies a prominent corner position just off the A386 trunk road and adjacent to Derriford Hospital. The surrounding area is a mixture of established residential uses and business parks.

DESCRIPTIONThe property is of modern construction clad externally with brickwork to the elevations under a pitched slate roof. It is arranged over ground, first and second floors providing a total of 75 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS The hotel is located adjacent to Derriford Hospital and Plymouth University. Other attractions nearby include Peregrine Falcon Watch, National Marine Aquarium and 4 miles north from the sights of historic Plymouth.

DEMOGRAPHICSPlymouth has a primary catchment area population of 471,000 and an estimated shopping population of 359,000. Employment in Plymouth has traditionally been biased towards the public sector, although there has been a recent influx of financial and business services to the city. Plymouth’s home ownership is in line with the national average.





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BIRMINGHAM CASTLE BROMWICH CHESTER ROAD, CASTLE BROMWICH, BIRMINGHAM B36 0AG


• Located 8 miles east of Birmingham city centre adjacent to the B41 14 which leads to junction 5 of the M6 which is approximately 1.5 miles west

• Situated 6 miles north of Birmingham airport in the densely populated suburb of Castle Bromwich


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BIRMINGHAM CASTLE BROMWICHCHESTER ROAD, CASTLE BROMWICH, BIRMINGHAM B36 0AG

LOCATIONBirmingham is a major city being a thriving retail and commercial centre strategically located approximately 110 miles north west of London, 90 miles south of Manchester and 85 miles north east of Bristol.

Birmingham is the regional centre of the West Midlands with a buoyant commercial and business sector which has flourished for the past decade. This has given rise to a number of public and private sector landmark schemes, including the International Convention Centre, Bullring Shopping Centre, Symphony Hall, Brindleyplace, the NIA and the Mailbox.

The city benefits from excellent communications being situated close to Junction 5 of the M6 which leads to the M40 and M1.

In addition, Birmingham has a direct rail link with London Euston and Marylebone stations with a journey time of approximately 1 hour 25 minutes. Birmingham International Airport and National Exhibition Centre are located approximately 15 minutes drive away.

SITUATIONThe property is situated in the Castle Bromwich area adjacent to the B4114 which leads to junction 5 of the M6 (approximately 1.5 miles west).

The surrounding area is predominantly residential with Castle Bromwich town centre being located 1 mile to the west. Numerous retail parks are located approximately 10 minutes drive away including The Fort, Ravenside and Castle Vale.

DESCRIPTIONThe property is of traditional construction clad externally with brickwork to the elevations under a pitched tiled roof. It is arranged over ground and first floors providing a total of 31 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS Cutting edge museums and galleries, innovative theatres and excellent shopping have contributed to Birmingham’s appeal as one

of the UK’s most popular weekend getaway destinations. Attractions include the world-famous NEC, Bull Ring shopping centre and the interactive Cadbury World museum. In the hotels immediate vicinity there is the idyllic Aston Park and the National Sea Life Centre.

DEMOGRAPHICSBirmingham has a primary catchment area population of 1,453,000 and an estimated shopping population of 780,000. The area has 18% of the population being in class grouping AB. In addition 59% of the population are owner occupiers, this is lower than the national average of 66% but helps to maintain the strong demand for rental accommodation in the city.





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STOKE ON TRENT TRENTHAM LONGTON ROAD, STOKE ON TRENT, STAFFORDSHIRE ST4 8BU


• Located 5 miles south-east of stoke city centre on the busy A5035 in close proximity to the A34 and M6

• Situated approximately 0.5 miles east of Longton Road’s junction with the A34 and 2 miles south of the A500

• Established industrial estate in the vicinity at the Trentham Lakes Business Park and Trade Park


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STOKE ON TRENT TRENTHAMLONGTON ROAD, STOKE ON TRENT, STAFFORDSHIRE ST4 8BU

LOCATIONStoke-on-Trent forms part of a major conurbation strategically located approximately 40 miles to the north of Birmingham and 40 miles to the south of Manchester.

The town benefits from excellent communications being situated close to junction 15 of the M6 motorway which leads to the M1 and Birmingham to the south and Manchester to the north west.

In addition, Stoke has a direct rail link with London, (1 hour 30 minutes) Manchester (45 minutes). Manchester International Airport is located approximately 40 minutes drive away and Nottingham East Midlands approximately 1 hours drive away.

SITUATIONThe property is situated in the heart of Longton approximately ½ mile from the junction with the A34 trunk road and approximately 2 miles south of the A500 which leads to junction 15 of the M6.

The surrounding area is a mixture of residential and industrial property with Trentham Lakes Business Park and Trade Park in close proximity, as is the Trentham Gardens Estate.

DESCRIPTIONThe property is of traditional construction clad externally with brickwork to the elevations under a pitched roof. It is arranged over the ground and first floors providing a total of 30 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS Stoke-on-Trent is a popular tourist destination, attracting around 5 million visitors per year. It is renowned for its fine ceramics with Stoke on Trent being the traditional home of the pottery industry. The Wedgwood Museum is located in close proximity to the hotel and the Royal Dalton is a short journey away. The hotel itself is popular for its picturesque countryside as well as the nearby water park WaterWorld and the theme park Alton Towers.

DEMOGRAPHICSStoke-on-Trent has a primary retail catchment area of 578,000 and an estimated shopping population of 310,000. The area has 17% of the population being in class grouping AB with 68% of the population being owner occupiers. The age profile of the area is similar to the national average.





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COVENTRY BINLEY BRINKLOW ROAD, COVENTRY CV3 2DS


• Located in the Binley area approximately 0.5 miles from the A46 trunk road, 3 miles south of the M6/M69 interchange

• Situated on a very prominent corner site at the junction of the A428 (Brandon Road) and the B408 approximately 5 miles from the Midlands Airport.

• To the rear of the site is Binley Business Park


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COVENTRY BINLEYBRINKLOW RD, COVENTRY CV3 2DS

LOCATIONCoventry is a major commercial centre in the West Midlands. The city is strategically located approximately 15 miles south east of Birmingham, 20 miles south west of Leicester and 50 miles north of Oxford.

Coventry is a thriving retail and commercial centre with major facilities including the Lower Precinct, West Orchard, Central Six, Cathedral Lanes and Arena Park shopping centres. The main employers in the city include, Jaguar, Royal Mail and AAH Pharmaceuticals.

The city stands at the hub of the motorway network, providing direct access to the M69, M6 and M40 motorways, with links into the M42 Birmingham orbital motorway. In addition direct rail services to London Euston take approximately 65 minutes. Birmingham International Airport is approximately 20 minutes drive from the city centre.

SITUATIONThe property is situated on the east side of Coventry in the Binley area approximately ½ mile from the A46 trunk road, approximately 3 miles south of the M6/M69 interchange.

The surrounding area benefits from a mixture of commercial users including Binley Business Park with HSBC, Coventry building society, B&Q mega store, Morrisons and Lidl supermarkets.

DESCRIPTIONThe property is of traditional construction clad externally with brickwork on the ground floor and rendered and painted to the elevations under a pitched tiled roof. It is arranged over ground and first floors providing a total of 40 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS The cathedral town of Coventry has become one of the fastest growing holiday destinations in the UK and has seen tourism rise by 37.2 per cent in the years between 2006-08 and 2011- 13. Situated 4 miles from the hotel attractions in

the city centre include Coventry Cathedral, Coventry Transport Museum, St. Mary’s Guildhall, the Coventry Transport Museum and the 30,000-seater Ricoh Arena football stadium. The hotel is approximately 5 miles from the Midlands Airport and in immediate proximity is Binley Business Park and the 500-acre Coombe Country Park.

DEMOGRAPHICSCoventry has a primary catchment area of 462,000 and an estimated shopping population of 288,000. The area has 20% of the population being in class grouping AB. 66% of the population are owner occupiers, which is in line with the national average.





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LEEDS MORELY BRUNTCLIFFE ROAD, MORLEY, LEEDS LS27 0LY

• Standalone three storey hotel with 32 en-suite bedrooms benefiting from shared car parking with the adjoining public house

• Located in the densely populated Morley 7 miles south west of Leeds city centre at the junction of Buntcliffe Lane (A643) and Bruntcliffe Road (A650)

• Situated with main road frontage and nearby access to the M621 motorway


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LEEDS MORELYBRUNTCLIFFE ROAD, MORLEY, LEEDS LS27 0LY

LOCATIONLeeds is a major regional centre, situated within West Yorkshire and is a significant retail and commercial hub strategically located 40 miles north east of Manchester and 206 miles north of London.

The West Yorkshire conurbation includes other major towns and cities including Bradford, Wakefield, Halifax and Huddersfield, together with other smaller centres including Morley. There are a range of major employers within the Leeds conurbation including Arla Foods, Capita, First Direct, Jet2.com and Rockstar.

The city benefits from excellent communications being situated at the intersection of the M1, M62 and M621 Motorways providing easy access to the national motorway network. By rail, there is a frequent direct service to London Kings Cross, with a fastest journey time of approximately 2 hours 12 minutes. Leeds Bradford Airport is situated 6 miles to the north west of the city providing direct national and international services to 75 destinations.

SITUATIONThe property is located at the junction of Bruntcliffe Lane (A643) and Bruntcliffe Road (A650). Morley town centre is located approximately a quarter of a mile to the east.

DESCRIPTIONThe property is of traditional construction with rendered elevations under a pitched, tiled roof. It is arranged over ground, first and second floors providing a total of 32 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining public house.

LOCAL ATTRACTIONS Leeds is a university city situated on the River Aire that is as famous for its fantastic shopping as its wealth of history. Over one and a half million visitors a year come to visit Leeds’ national and regional attractions which include the Royal Armouries, the Henry Moore Sculpture Centre, West Yorkshire Playhouse and the award winning Harewood House. In the hotel’s immediate area there are several golf courses, an IKEA, Junction 27 retail park and the huge White Rose Shopping mall.

DEMOGRAPHICSLeeds has primary catchment population of 1,480,000 and an estimated shopping population of 642,000. Leeds is a major economic city dominating its extensive catchment area and has a young population, with above the national average of under 44’s. Leeds has become the main centre for legal services outside of London with some 150 law firms. The area has 21% of the population being in class grouping AB.




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YORK HULL ROAD HULL ROAD, YORK, YO10 3LF

• Two storey hotel with 40 en-suite bedrooms located in the affluent city of York, benefiting from shared car parking with the adjoining public house

• Situated in the residential suburb of Osbaldwick on the A1079 approximately 2 miles east of York city centre, and 2 miles west of the A64

• The University of York campus is immediately adjacent to the site


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YORK HULL ROAD HULL ROAD, YORK, YO10 3LF

LOCATIONYork is a prosperous city and thriving business and tourist destination located in North Yorkshire, 22.5 miles north east of Leeds, 44 miles south of Middlesbrough and 58 miles north east of Manchester.

York has good transportation links via the local road network with the A64 forming part of the ring road, providing direct access to the A1(M) and the national motorway network beyond. As a former hub of the national rail network, York benefits from being on the East Coast Mainline and provides a direct service to London 1 hour 55 minutes and Edinburgh 2 hours 20 minutes.

SITUATIONThe property fronts the busy Hull Road (the A1079) in the residential suburb of Osbaldwick approximately 2 miles from York city centre, and 2 miles west of the A64.

Immediately adjacent to the property is a school but residential is the principal use surrounding property. There are a number of roadside commercial uses along the A1079, the largest of these being a B & Q warehouse within half a mile.

DESCRIPTIONThe property is a traditionally constructed hotel with brickwork elevations and a pitched slate roof. It is arranged over ground and first floor. There is a separate car park for the hotel to the rear with shared access with the public house onto the A1709.

LOCAL ATTRACTIONS York is a famous and important historical city attracting over 7 million visitors per year. The city is well known for a number of attractions including the York Minster, its Medieval City walls, the Jorvik Viking Centre, the York Dungeon, the National Railway Museum, and one of the country’s top universities, the University of York. The University of York is a short walk from the hotel and it is a 2 mile journey to the historic city centre by bus or car. Bus and boat tours operate directly opposite the hotel.

DEMOGRAPHICSYork has a primary catchment area of 485,000 and an estimated shopping population of 294,000. The area has 26% of the population being in class grouping AB. The surrounding area is above average in terms of home ownership, with 71% being homeowners compared to the national average of 66%.


RENTThe passing rent is £212,573 per annum equating to £5,314 per room.



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PERTH BROXDEN JUNCTION CRIEFF ROAD, PERTH, PH1 3JJ


• Situated adjacent to the A9 (the major bypass around Perth) on its junction with the A85

• Conveniently located in close proximity to a number of Scotland’s major arterial roads including the A9, A90 and M90


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PERTH BROXDEN JUNCTION CRIEFF ROAD, PERTH, PH3 3JJ

LOCATIONPerth is a an attractive and thriving market town benefiting from an affluent catchment area and is strategically located on the banks of the River Tay in the heart of Scotland approximately 43 miles north west of Edinburgh, 59 miles north east of Glasgow and 22 miles west of Dundee.

Perth is the administrative centre of the Perth & Kinross council area and the retail focal point for Perthshire. Key employer types in the town include food retailers, financial service companies such as Aviva and Bank of Scotland, utility provider Scottish & Southern Energy, national bus company Stage Coach and care provider Balhousie Care Group.

The town is a key transport hub for journeys by road and rail throughout Scotland and benefits from excellent communications being served by a variety of major roads including the M90 from the south and the A9/M80 to the south west. The A90 leads east to Dundee and the A9 links north to Inverness. There are regular train services to Glasgow, Edinburgh, Dundee, Aberdeen and Inverness and good local and national bus services.

SITUATIONThe property is situated on the western flank of the town in the Huntingtower Park area, lying adjacent to the A9 trunk road/bypass and just to the south of the A85 Crieff Road. The property shares an entrance off the A85 with the Glover Arms Inn.

DESCRIPTIONThe property is of traditional modern construction with rendered external elevations under a pitched and slated roof. It is arranged over ground and first floors providing a total of 53 en-suite bedrooms. The hotel benefits from shared car parking with the adjoining Vintage Inn.

LOCAL ATTRACTIONS The former capital of Scotland Perth is a popular tourist destination and enjoys a beautiful position on the banks of Scotland’s longest river, the Tay, at 119 miles. Perth has a history that stretches back over 800 years and many of the former Scottish kings were crowned on the Stone of Destiny at Scone

Palace just 2 miles north of the Hotel. The hotel is also within walking distance of St Johnstone’s football ground and has easy access to the stunning Scottish countryside. Further attractions nearby include Huntingtower Castle, Kinnoull Hill Woodland Park, Perth Museum and Art Gallery and Perth Racecourse.

DEMOGRAPHICSPerth has a primary catchment population of 165,000 and an estimated shopping population of 121,000. The area has 22% of the population being in class groupings AB which is in line with the national average. In addition Perth has an owner occupier percentage similar to the rest of the UK at 66%. Perth has a particularly high proportion of the retired aged 65 and over; the number of older working age adults aged 45-64 is also above average.



For identification purposes only.

Mark Dansky020 7543 [email protected]

Andy Pointon020 7543 [email protected]

Liam Stray020 7543 [email protected]

Jeremy Hodgson020 7543 [email protected] www.allsop.co.uk

For further information or to make arrangements for viewing please contact:

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design: CommandD www.commandHQ.co.uk 08.16

PROPOSALWe are instructed to seek offers in excess of £28,040,000 (Twenty Eight Million and Forty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level, provides a net initial yield of 7% and an overall capital value of only £42,744 per bedroom assuming purchaser’s costs of 6.76%.

EPCThe EPCs are available in the dataroom.

VATThe properties are elected for VAT and it is anticipated that the transaction will be treated as a transfer of a going concern (TOGC).

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