Land

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Land

Grafton, Hereford HR2
POA

Our Summary

  • • Potential development opportunity (subject to planning)
  • Potential development opportunity (subject to planning)

Description

The property for sale is a unique opportunity to acquire a Travelodge hotel, a vacant former public house, and adjacent agricultural land in Grafton, Hereford. The Travelodge hotel, built around 20 years ago, has 38 bedrooms and produces an annual income of £166,476.65. The hotel has a rpi-indexed rent review in 2028. The adjacent Grafton Inn, a large detached public house, offers potential for redevelopment or alternative uses. The property sits on 7.44 hectares of agricultural land, which has a frontage to the A49 and an access drive. The land has potential for development, subject to planning permission. The property is located around 3 miles south of Hereford, with easy access to Ross-on-Wye and the M50. The asking price for the property is £2,495,000, with a deadline for bids on July 4th, 2025.