Acting on behalf of Family Trust clients of ours we have completed the acquisition of a budget hotel in Chepstow, South Wales. Situated next to the A48 close to the town centre, the property comprises a modern 22 bed hotel with adjacent car parking occupying a shared site with the Two Rivers bar and restaurant. Let to Marstons for a further 33 years, without break, on an index linked rent, the purchase price of £1,950,000 reflects a net return to the purchaser of 5.25%.

Philips Lockhart Starr acted for the vendor in the transaction jointly with ADS Real Estate Advisors.


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