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Historic site can be all yours for just £3 million

By Burton Mail  |  Posted: May 13, 2014

Travelodge.

Travelodge.

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THE developer who transformed an historic Burton landmark into a hotel has put the building on the market for more than £3 million.

The Midland Grain Warehouse, in Miller’s lane, off Derby Street, was made into a Travelodge in 2012 after bosses from East Staffordshire Borough Council sold the site for £745,000.

Now, the unnamed developer has put the building on the market for £3,150,000.

However, bosses from the budget hotel chain, which currently occupies the site, have said the move will not have any impact on the business.

A spokesman for the firm said: “We do not own our building, we lease.

“The developer who purchased the building is now selling the site as an investment opportunity.

“This will not impact Travelodge at all, as we have a 25-year lease on the site.”

An advert for the building on housing website Rightmove revealed the site could potentially earn investors income of close to £300,000 per year.

It is being solved by Savills, of Nottingham.

The hotel created 16 jobs when it opened in September 2012.

Despite only being open for a matter of months, the firm then revealed the 68-room hotel was having up to £1 million spent on it to bring it in line with a new company redesign.

The Grade II-listed building was sold for £745,000 in 2011 by East Staffordshire Borough Council.

This was after the authority had originally put the building on the market in October 2008, for a reported asking price of £1.25 million.

The Midland Grain Warehouse was built by the former Midland Railway, which became part of the London, Midland and Scottish Railway in 1923.

The council previously used the historic building as offices, before staff were moved to the Town Hall, in King Edward Place, and then The Maltsters, in Wetmore Road.

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