Hilsea, Portsmouth

Turner Locker Barnfield acting on behalf of a private investor have purchased the long leasehold interest in the Travelodge at Hilsea, Portsmouth. The asking price was £1.638M. The property is let to Travelodge Hotels Ltd. on FRI terms for 25 years from 10 August 20110 at a rent of £104,000 p.a. There are 5 yearly upward only rent reviews fixed upon RPI. Philips Lockhart Starr acted for the vendor.