Leading Northern chartered surveyors and estate agents, Bradley Hall, has acted on behalf of Northern Commercial Properties Limited (NPC) to let land to Premier Inn Hotels Ltd with plans for an 80-bedroom hotel on the site in Alnwick.
The land owned by NPC is set to be transformed into an 80-bedroom hotel with an eatery branded with Premier Inn’s restaurant, Thyme, as well as an additional bar. The construction of the project is expected to be complete between the Spring and Autumn of 2022.
The investment was sold by NCP to Value and Indexed Property Income Trust PLC. WSB Property Consultants and DWF LLP acted on behalf of Premier Inn Hotels Ltd, while Bradley Hall acted on behalf of NCP.
Bradley Hall’s group managing director, Neil Hart was heavily involved in the sourcing of the tenant, negotiating the terms, obtaining a purchaser, and settling the final deal.
Neil Hart, group managing director said, “Bradley Hall is passionate about the fantastic opportunities on offer in Northumberland and has been an enthusiastic champion of the county for many years. We are delighted to have completed such a substantial deal in Alnwick which will an offer additional source growth and development for the area as an outstanding place to live, work and visit.
“The planning application has been accepted and plans for the Premier Inn in Alnwick are sure to make a positive impact on the area as a whole”.