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The Pine Marten Lodge, Spott Road, Dunbar, EH42 1LE

Availability

For Sale

Price

£1,270,000

Key Points

  • Strategically located 27 room hotel adjacent to Marston’s Pine Marten Pub.
  • Easily accessible off the A1 Spott Roundabout which sees 25,000 car journeys per day.
  • Dunbar is an attractive coastal town commutable to Edinburgh and attracting 1.22m visitors annually.
  • Well secured on a long lease to Marston’s PLC for a further 25 years, no breaks.
  • Current passing rent of £104,044.18 per annum
  • Annual rent reviews to RPI with 1% collar and 4% cap. Next review due in June 2025.
  • We are instructed to seek offers in excess of £1,270,000 (One Million Two Hundred Seventy Thousand Pounds) subject to conclusion of missives and exclusive of VAT providing an attractive 7.75% net initial yield.
  • By 2050, at the 1% annual collar, the yield will have increased to 10.05% and, at the 4% annual cap, to 21.52%.
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Get in Touch

See Bio
Duart Keith Partner

Duart joined EYCO in 1995 having spent the previous 4 years based in Glasgow with James Barr & Son and Grimley JR Eve. He is a partner and heads up the Investment team. He advises on retail warehousing throughout the UK, as well as more local retail, business and office investment transactions.
Duart is a keen runner (often out with his dog), skier and rugby enthusiast.
See Bio
Patrick Over Partner

Patrick is a Partner in the Investment Department, having joined in September 2023. Prior to this Patrick worked at Green & Partners in London where he was a Partner in the Investment Department focusing on the high street, retail warehouse, leisure and supermarket sector.
Today, Patrick is directly involved in the acquisition, disposal and funding of a wide variety of assets, across the UK, working closely with a diverse selection of clients encompassing major UK institutions and pension funds, property investment and development companies, high ‘net worth’ investors and private equity groups.
Outside of work, Patrick has a keen interest in fitness, golf, rugby and skiing.

Meet the team