Key Features
Description
Blackpool is a historic and thriving seaside town which attracts approximately 21.5 million tourists per annum (2023). The town benefits from excellent communications, being situated approximately 14 miles (23 km) west of Preston, 27 miles (43 km) north of Liverpool and 45 miles (72 km) north west of Manchester and with the M55 Motorway providing access to the wider national motorway network.
The property occupies a prime position adjacent to the Blackpool FC Bloomfield Road Stadium and is a short walk to key attractions such as Blackpool Pleasure Beach, Blackpool Tower and Blackpool Central Pier.
The property comprises a modern, purpose-built hotel comprising 124 bedrooms across ground and four upper floors, a bar, restaurant, a large car park and potential for additional development.
The property is situated on a site of approximately 1.82 acres (0.74 ha) and has expansive car parking for approximately 194 vehicles with a low site cover of approximately 22%.
The property has undergone a recent internal refurbishment completed in 2023 to the new Travelodge specification.
The property offers excellent asset management opportunities to increase income with the development of electric charging bays and a potential public house/restaurant development in the car park.
The property is let in its entirety to Travelodge Hotels Limited on a full repairing and insuring lease for a term of 25 years from the 24th July 2025 at a passing rent of £650,000 per annum exclusive (£5,242 per key) subject to 5-yearly, upwards only rent reviews linked to CPI with a collar and cap between 1.5% and 4.5%.
The car park is subject to an agreement with Total Parking Solutions with revenue split 50/50 between Travelodge and the Landlord, producing a net income of £97,489 in 2024 to the Freeholder.
The property therefore currently produces a total income of £747,489.
Travelodge is the second largest budget hotel brand in the UK, with over 600 hotels. The year ending December 2024 saw another year of strong performance, with revenue exceeding £1 billion for the second year in a row. Travelodge Hotels Limited has a D&B rating of 5A2, representing a very low risk of business failure.
Location
Blackpool is a historic and thriving seaside town with a resident population of approximately 140,000 people. An established leisure destination, Blackpool is the UK’s fourth most popular tourist destination and attracted 21.5 million tourists in 2023 and contributed approximately £2 billion to the local economy. The town is also a popular commercial centre situated in the North West of England. The town lies on the Fylde Coast of Lancashire approximately 14 miles (23 km) west of Preston, 27 miles (43 km) north of Liverpool and 45 miles (72 km) north west of Manchester. Blackpool benefits from excellent transport links with the M55 motorway providing direct access to the M6 motorway and routes to Birmingham, Manchester and the wider national motorway network. Blackpool North Railway Station provides excellent transport links, with direct rail services to Preston, (20 minutes), Liverpool (1 hour 15 minutes), Manchester (1 hour 17 minutes), Birmingham (2 hours 13 minutes) and London Euston via Birmingham New Street (2 hours 45 minutes). Liverpool John Lennon Airport, located 32 miles to the south, currently offers flights to both European and African destinations. Blackpool is undergoing a major £2 billion ‘Growth and Prosperity’ regeneration programme, including the £300 million Blackpool Central Leisure Development, a £350 million expansion of the Talbot Gateway business district, and a £90 million inner-town housing renewal scheme. Since the late 2000s, over £1bn worth of regeneration projects have already been delivered including a flagship Sainsbury’s superstore, a 144-bed four-star Holiday Inn hotel complete with Marco Pierre White New York Italian restaurant and a multi-storey car park.
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