Property Details

The site is located is located less than 0.5 miles from London Bridge Station and approximately 0.6 miles from Bermondsey Tube Station, making this a highly attractive location for tourists and hotel operators. The surrounding area has had a consistently strong demand from investors for newly built hotels. Tourism has been increasing following covid, this is expected to continue to grow in the coming years with London Bridge and Tower Bridge being key positions to capture this growing demand. Surrounding areas have historically achieved very strong values, with now being an opportunity for investors, some nearby sales inlcude: Southwark: In 2019, the 191-room Mercure Southwark Bankside hotel was sold for £70 million. In 2021, the 121-room Holiday Inn Express Southwark was sold for £35 million. Lambeth: In 2019, the 165-room Novotel London Waterloo was sold for £50 million. In 2021, the 112-room Holiday Inn London Vauxhall was sold for £30 million. Greenwich: In 2019, the 130-room DoubleTree by Hilton Greenwich was sold for £40 million. In 2021, the 100-room Holiday Inn Express Greenwich was sold for £25 million. These transactions suggest that there is a strong demand for hotels in these areas, as investors are willing to pay for strong covenants. In the coming years, as these areas are popular with tourists and businesses alike we would expect to see growth on the values that are transacted at today.

Zone 1 Hotel Investment Opportunity This Prime Investment, Freehold Property Is In A High Demand Location Between London Bridge And Bermondsey. An Opportunity To Secure An Attractive Newly Constructed Building With A 25-year Lease To Travelodge Hotels Limited, A Leading Budget Hotel Chain, With Consistent And Stable Income. The Brand New Development Is Designed To Meet The Needs Of Modern Travelers And Is Expected To Complete In April/may 2024. It Has A Total Built Area Of 22,000 Sq Ft (2,000 Sq M) Across Nine Floors With 73 Rooms Which Will Provide Highly Attractive Views Of The Shard. Positioned Off Bermondsey Street Near London Bridge, Tower Bridge And Bermondsey Tube This Location Has Been A Steady And Longstanding Strong Place For Investment. With Limited Budget Hotel Competition In The Immediate Vicinity And This Being The Newest In The Area It Ensures A Steady Stream Of Guests And Potential For Good Rental Growth. With A New 25-year Lease To Trave Travelodge Hotels Limited This Offers Long-term Stable Income. Upward-only Rent Reviews Every Five Years Also Provide Stable Growth. As The Newest Hotel In The Area The Buildings Sustainability And Environmental Credentials Which Are Of Increasing Importance Provide An Investor Security.