Located on Ty’n-y-Parc Road in Whitchurch, the property consists of a Travelodge hotel with 52 bedrooms, and a Toby Carvery restaurant with capacity for 200 covers, as well as a function room. The listing says the sale is for the freehold investment, and the businesses remain unaffected by the transaction.
According to information provided, the property is positioned just north of Cardiff city centre, on a site of approximately 1.8 acres, and is accessible from the M4 motorway. The location is described as attracting both business and leisure travellers throughout the year.
In addition to the Travelodge and Toby Carvery, the site also includes additional staff accommodation and a car park. The specific number of spaces is not disclosed in the listing.
A statement from representatives handling the sale describes the listing as “an excellent opportunity to acquire a hotel and leisure investment offering long-term, inflation-proofed rental income secured by strong covenants, underpinned by the possibility of attractive alternative future use values.” They also mention that there may be long-term development potential for alternative uses, subject to planning permission.
The sale is for the freehold, with an asking price of offers over £6,250,000. The businesses trading at the site are not affected by the freehold sale, according to the information provided.
The site is promoted as offering secure long-term rental income. A statement from those marketing the property says, “We expect strong interest from institutional funds as well as high net worth private buyers.”
No further details about lease terms, length, or current rental income are published in the information provided. Reference is made to the “possibility of attractive alternative future use values,” but any such changes would be subject to obtaining planning permission.
More details about the sale, including contact information, are available on the relevant property website, as referred to in the listing.
The property is marketed as a hotel and leisure investment in a location with motorway access in the north of Cardiff.
