Premier Inn led scheme
Saffron Walden, Essex
Description
Premier Inn budget hotel, B&M, Pure Gym, Costa & Pets at Home
Acquisition Structure
Pre-let forward funding
Date Acquired
September 2019
Rent Review
Premier Inn - Consumer Price Index, Pure Gym – Retail Price Index and Open Market Value on all other tenancies
Tenant Guarantor
Premier Inn Hotels Limited, B&M Retail Limited, Pure Gym Limited & Pets at Home Limited
Lease Term
Premier Inn - 25 years, with a break in 20; Pure Gym - 15 years, with a break in 10; Pets at Home - 15 years, with a break in year 10; B&M - 15 years, without break; Costa - 15 years, without break