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Premier Inn


19-21 Huntly Street
IV3 5PR Inverness
Ref: 12249

  • 0.00 ft² (0.00 m²)
  • 9,500,000
  • 6.03 Initial Yield



• Secure Long Term Investment In Inverness

Investment Summary

  • „Inverness is the capital of the Highland’s and the UK’s most northerly city; „
  • Inverness has a broad, sustainable demand base for hotels, with a healthy mix of tourism, business and leisure demand; „
  • The hotel is located in the heart of the city, overlooking the River Ness; „
  • 100-bedroom hotel, purpose built for Premier Inn, with a large reception, restaurant and parking facilities; „
  • Let to Premier Inn Hotels Ltd (D&B 5A1) until 29th January 2037 with a break option in January 2027 providing an unexpired term of 18.9 years (8.9 years to break); „
  • Upward only rent reviews every 5 years linked to RPI with a cap and collar of 2-5%, the next in January 2022;
  • Current passing rent of £608,059 per annum with minimum uplift to £671,347 in 2022; „
  • The current passing rent reflects a room rate of £6,081 and forecast to rise to £6,713 in January 2022; „
  • Heritable interest (Scottish Equivalent of English Freehold).

We are seeking offers in excess of £9,500,000

The property is available to purchase in isolation or as part of a three property portfolio including Travelodge, Braehead, Glasgow and Travelodge, Justice Mill Lane, Aberdeen.

Energy Rating

Energy Rating

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Colin Finlayson
Janey Douglas

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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