Property photos
Offers over
£2,400,000
(£66.38/sq. ft)
Hotel for sale
Travelodge, 296A Strathmore Avenue, Dundee, Scotland DD336,155 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Harris Academy 0.1 miles
- St Peter & Paul RC School 0.3 miles
- Dundee 1.5 miles
- Invergowrie 3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Dundee to find out more about the local area.
Features and description
- Heritable Interest (English freehold equivalent): 68-bed Travelodge Hotel with bar, restaurant, and large car park (70+ spaces)
- Location: Prominent site on Strathmore Avenue (A90 arterial route), minutes from Dundee city centre and major attractions
- Site Size: Approx. 0.83 acres with low site cover (20%)
- Tenant: Entirely let to Travelodge Hotels Ltd (D&B Rating 5A2), the UK's second-largest budget hotel brand (600+ hotels)
- Lease: Full repairing and insuring lease, unexpired term of 12 years 7 months, subject to 5-yearly uncapped rpi-linked uplifts
- Income: Passing rent of £233,515 per annum (£3,434 per key)
- Pricing: Offers sought over £2,400,000, reflecting a Net Initial Yield of 9.15% (assuming purchaser's costs of 6.32%)
The subject property comprises a modern, 68-bedroom Travelodge hotel arranged over ground and four upper floors.
Repurposed to a hotel in 2003, the building offers well-maintained accommodation in line with Travelodge's contemporary brand standards, including en-suite guest rooms, a welcoming reception area, and a bar and breakfast room.
The property sits on a self-contained site with dedicated on-site car parking in excess of 70 vehicles. The site is landscaped to the front and sides, with clear brand signage visible from the surrounding road network.
Repurposed to a hotel in 2003, the building offers well-maintained accommodation in line with Travelodge's contemporary brand standards, including en-suite guest rooms, a welcoming reception area, and a bar and breakfast room.
The property sits on a self-contained site with dedicated on-site car parking in excess of 70 vehicles. The site is landscaped to the front and sides, with clear brand signage visible from the surrounding road network.
More information
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