Premier Inn, Whitehall Plaza, Leeds
LS1 4EQ
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£16,080,000
Dec 2021
NorthCap has successfully acquired this Premier Inn investment on behalf of Mayfair Capital.
Built in 2017, the hotel is let to Premier Inn Hotels Limited with a guarantee from Whitbread Plc until 2042 with indexed rent reviews. The asset has an EPC rating of A as well as being a net-zero carbon building.
The property was acquired for £16,080,000 reflecting a net initial yield of 4.00%.
The vendor, Town Centre Securities were un-represented.
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