News Desk

Barnsley Hotel Investment Sold

Acting for Gateway Plaza Ltd, a JV between Landmark Developments and Quest Property, Richard Fisk of Pudney Shuttleworth has sold the recently developed Premier Inn Hotel and Table Table Restaurant to private clients of Woodward Hall.
The 110 bed hotel is part of a larger mixed use development and was let on a new 20 year lease with break at 15. The rent of £415,000 is reviewed five yearly in line with RPI.
The investment sold at just over £5.8 million reflecting a net initial yield of 6.75%

Contact: Richard Fisk

Back to News Desk