Opportunity to acquire an existing purpose built, 88 bedroom hotel with onsite parking and a 120 cover restaurant. GIA 32,974 sq.ft/ 3,063 sq.m (all rooms measure c.21 sq.m). Let to OYO Technology and Hospitality UK Ltd with an unexpired term of 10.5 years (until March 2035) with a £100,000 rent deposit and a £1m rent guarantee. The OYO lease is subject to three yearly upward only RPI linked rent reviews. Next review March 2026. The hotel is let on a passing rent of £890,695 per annum reflecting £9,896 per bed. Potential to purchase subject to vacant possession in 2026 (please contact Allied Property for further information). Tangible opportunity to increase area and room count or to repurpose to an alternative use. Located in North Finchley, less than a 20-minute walk from West Finchley underground station (Northern line) and directly next to the North Circular A406. Also, within a short walk to the shopping and dining amenities of North Finchley High Road.
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