Watford, Hertfordshire
Premier Lodge
Citygrove purchased the site from Allied Domecq in 1998. The property was let to Premier Inn for a term of 25 years.
The investment was sold internally following the retirement of one of Citygrove’s co-founders.
Tenants
Premier Travel Inn
Size
32,000 sq ft / 2,973 sq m
Completion
2000
Value on completion
£4,819,000
Annual rental income
£325,000
Ownership
Colne Bridge Investments Limited