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Hotel rooms beach front | 10% NET returns Built, Renovation

£49,950

Description

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Hotel room investments with 10% NET yields

A proven and well regarded developer and operator recently featured on  ITV with Michel Roux

A beach front location in Britains leading seaside resort Blackpool

With over 18 million visitors in 2018 and huge plans for regeneration this Victoria hotel building can deliver hassle free fully managed income.

The investment:
Fixed price of £49,950
10% NET with a 10 year contract
Asset backed investment
Assured Buy Back at The End of Year 5
Assured Buy Back at The End of Year 10
Returns paid instantly – quarterly payments are made in October, January, April and July.
Reservation Fee – £5,000 (Deducted from the price)
999 year leasehold
Existing victorian building
Refurbishment Work:
 
Room Redecoration 
New Furniture
New Bathrooms
Upgrade fire and security systems
Refurbish and modernise kitchen
Exterior renovation and redecoration
New dining areas
New bar and function areas
Each room comes with a 999-year leasehold title just like buying an apartment in the UK. This gives you security as you own that room and can sell it at any time. You will contractually lease your room to the hotel management company who will pay £4995 per annum in rent per room. They will operate the facility and manage your room for you, and bare all running costs. They own the furniture, fixtures and fittings and any repairs will be made by them to keep the hotel up to the highest standards. 

This is a complete hands off investment and there is multiple exit options for you. At the end of the 10-year period a buy back from the owners will purchase the room back off you for 10% more than you paid. They will also offer you an opportunity to buyback your room at year 5 for the price you paid or you can sell on the open market at any time. 

Contact us for the brochure and the ITV video link

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  • Address: Promenade
  • City: Blackpool
  • State/Country: Lancashire
  • Zip/Postal Code: FY1
  • Neighborhood: Town
  • Country: United Kingdom

Detail

Updated on March 22, 2018 at 1:32 pm

  • Price: £49,950







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