Let to whitbread group plc, trading as premier inn and beefeater, on two separate 25 year fri leases (20/15 year break) at a rent of £542,128 per annum.
Both leases are subject to 5 yearly rent increases (next rr 2022) to rpi capped at 5% per annum compound.
Net income yield
Net operating income
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Property facts for Premier Inn, Halifax
Halifax is the main commercial and retail centre in the Borough of Calderdale within West Yorkshire and the Leeds City District. The town is located approximately 25 miles north east of Manchester and 20 miles south west of Leeds. Halifax benefits from excellent road connections being situated only 4 miles to the North of junction 24 of the M62 motorway, which links Leeds with Manchester and provides good access to the national motorway network. The town is located at the junction of the A629 Keighley to Huddersfield Road and the A58 Leeds to Bury Road. Halifax benefits from excellent rail services, which provide a journey time of around 35 minutes to Leeds and 50 minutes to Manchester. Connections via Leeds provides a journey time to London Kings Cross of just over 3 hours. Leeds Bradford International Airport is located approximately 16 miles to the North East of Halifax and provides flights to domestic, European and international destinations.
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