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Hotel room investment | 10% NET 10 Years only £49,950

Promenade, Blackpool FY1, UK
£49,950

Description

We are pleased to present our latest hotel investment in the seafront with beautiful sea views. 

This hotel has been bought and in the process of being fully renovated and turned into a 3 or 4-star hotel.  This hotel will cater to young adults with autism to offer a holiday destination along with offer training and education opportunities locally and nationally.  This is phase 2 of this opportunity, with the first phase being completely sold out earlier this year. Due to the local market on the numbers of guests that have booked to stay here, they needed to expand to keep up with the demand of the hotel. The developer has worked very hard and managed to acquire the building next door to the original hotel is going to incorporate both buildings together.

Each room will be sold with a 999-year lease title the same as purchasing an apartment. This provides you with security that you can sell at any time. You will contractually lease your room back to the developer who also operates as the hotel management and they will pay you your 10% NET return each year.

It’s their responsibility to operate the facility and manage your room and keep it at a great standard. It’s also their responsibility for all running costs so your rental income is a true NET figure. The developer owns all the furniture, fixture and fittings and any repairs will be made by them to keep the hotel at the highest standard.

This is a completely hands-off investment and there are multiple exit options for you, at year 5 the developer will purchase the room back for an uplift of 10%, and at year 10 they will purchase it back for an uplift of 20%. The great thing about this perk is that you are not only guaranteed a rental income for the next 10 years but you are also guaranteed growth and of course a clear exit out of the opportunity.

THE INVESTMENT:

  • PRICES ARE ALL £49,950
  • HOTEL ENSUITE ROOMS
  • READY BUILT – IMMEDIATE INCOME
  • 10% NET GUARANTEE FOR 10 YEARS
  • NO STAMP DUTY, SERVICE CHARGE, MAINTENANCE OR MANAGEMENT COSTS!
  • ASSURED BUYBACKS AT YEAR 5 AND YEAR 10
  • 10% UPLIFT AT YEAR 5
  • 20% UPLIFT AT YEAR 10
  • DEVELOPER FINANCIALLY STABLE AND HAS EXCELLENT TRACK RECORD.
  • 999 YEAR LEASE
  • EXCHANGE AND COMPLETE IN 28 DAYS FROM RESERVATION

THE LOCATION:

  • On the Blackpool seafront with unspoilt sea views
  • Just metres away from Blackpool Centre.
  • One of the most popular holiday destinations of the UK
  • 750m from the train station
  • Less than 800m away from 5 different tourist attractions like Madame Tussauds, Blackpool Tower, Sea world etc
  • 2 Miles away from Pleasure Beach

Detail

  • Icon
    Property ID
    BTIP01
  • Icon
    1
    Bedrooms
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    1
    Bathrooms
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    Year Built
    2020

Address

  • Address: Promenade Blackpool
  • City: Blackpool
  • State/county: Lancashire
  • Zip/Postal Code: FY1
  • Neighborhood: Town
  • Country: United Kingdom
walkscore96 / Walker's Paradise more details here

Contact Agent

Bondtilli.com
  • Bondtilli.com
  • +44 (0) 203 890 5333
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