104-bedroom freehold budget hotel let until 2042 (with 12.8 years term certain). A newly refurbished ground floor leisure unit. Combined total topped-up rent of £558,397 per annum, with 95% secured against (D&B rating 5A2). Prominently located in one of Newcastle’s top nightlife and leisure pitches, just a short walk from The Glasshouse, The Baltic, and more. Overall WAULT of 17.5 years to expiry and 12.3 years to break. This is an exceptional opportunity to acquire an internationally branded hotel, centrally located, income-producing asset in one of the UK’s most vibrant regional cities. 31,636 sq ft GIA. Ground floor 2,068 sq ft GIA. Site is 0.29 acres.
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