Hotel which forms part of a landmark mixed-use development

Situated in Tolworth, an affluent commuter area, with excellent transport links to central London. 132-bedroom hotel which forms part of a landmark mixed-use development. Provides a total net internal floor area of 42,894 sq ft (3,985 sq m). Let for an effective remaining term of 21 years. The tenant also has an option to extend the lease for a further 25 years upon expiry. Category A hotel in June 2020 CVA with all contractual rent & arrears fully paid. Low passing rent of £682,440 per annum reflecting £5,170 per bed per annum. The rent is subject to upward only 5 yearly uncapped CPI linked rent reviews. Based upon the CPI Index, the rent is £735,840 pa (£5,575 per bed) from Oct 2022.