Leonardo Hotel Newcastle brought to market for £31.8m
Hotel Owner
OCTOBER 17, 2023
The Leonardo Hotel at St James Gate in Newcastle has been brought to market on behalf of a UK investment fund, with offers of over £31.8m this year, rising to 9.86% in 2028, and 11.05% in 2033. The investment is priced attractively and at the quoted price it is also substantially underpinned by its vacant possession value.”
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