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Portsmouth Travelodge sells

Vauxhall Estates has bought the Travelodge Portsmouth Hilsea Hotel from a private client of Philips Lockhart Starr, the seventh Travelodge leasehold sale this year.
CoStar News
May 7, 2014 | 7:35 P.M.

The sale price was £1.66m, representing a net initial yield of 6.1%. The property is let on FRI terms for 25 years from August 10 2010. There are five year only rent reviews inked to RPI.

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