Travelodge, Skipton A65 Gargrave Road, Skipton, BD23 1UD
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Atlas Real Estate, acting on behalf of EG On The Move, has recently acquired a prominently located Travelodge Hotel on the junction of the A65 and A59 in Skipton, Yorkshire.
The property is located adjacent to a new EG On The Move petrol filling station and Starbucks drive thru, which are under construciton.
The property is leased to Travelodge Hotels Ltd on a lease expiring in August 2044. The current rent is £243,798 per annum and the lease benefits from five yearly upward only uncapped RPI increases with the next review in October 2029. In addition there is a food to go unit onsite which is sublet to Wycliffe Moore Ltd on a term expiring in September 2029. The unit currently operates under Greggs and Burger King franchises.
The vendor, IM Properties, was represented by Kimmre.
