Mercure Livingston Hotel
Livingston, EH54 6QB

Guide Price £5,500,000

  • Large, full service 3-star hotel
  • 120 en-suite bedrooms
  • Bar & restaurant
  • Extensive conference facilities
  • Fitness centre with pool

Location

The Mercure Livingston is situated in the north east quarter of Livingston town centre. Livingston is one of Scotland’s new towns, formed in the early 1960’s and is the largest town in West Lothian, with an immediate population of 56,269 (Source: 2011 Census). Strategically positioned within the heart of Scotland’s Central Belt and the Almond Valley, Livingston is highly accessible lying between Edinburgh and Glasgow and serves as the administrative capital of the West Lothian Region. Key occupiers includes Sky UK as the largest employer in West Lothian and the NHS, Q Squared Solutions and Quintiles IMS.

Description

Large, full service 3 star hotel comprising 120 en-suite bedrooms, bar, restaurant, extensive conference facilities, fitness centre with pool and spa and car parking for 100 cars. Under-developed site of 4.32 acres, located in close proximity to key demand generators by the Centre, Livingston Designer Outlet and Almondvale Retail Park. Let to Jupiter Hotels Limited for a term of 34 years from 24th August 1999 with an unexpired term of 15.75 years. A passing rent of £678,192* equating to £5,652 per room per annum, subject to annual RPI-linked rent reviews with a collar of 1%. Additional revenue share rent of 21% of total revenue if, on a quarterly basis, 21% of turnover for the quarter is greater than 25% of the base rent. Offers are sought in excess of £5,500,000 subject to contract and exclusive of VAT reflecting a net initial yield of 11.20% subject to standard purchaser's costs of 6.10%. Freehold

* Currencies are changed from British Pound (GBP) to either Euro (EUR) or US Dollar (USD). Rates updated daily at approximately 01:00 hours.

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