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9-13 Waring Street, Belfast BT1

£95,000

Tuesday 14th November, 2017

Belfast

Contact name: Fraser Properties

Contact number: 020 8033 9433

 

Key Information

Ad Type: For Sale

Property Type: Studio

Bedrooms: 0

 

Description

This is the price of one single hotel room*Prices vary from £85,000 to £149,950 depending on the size of the hotel roomLease: 125 yearsFeatures:• Luxury hotel• Hands off Investment• Award winning Hotel operator and developerLocation Highlights• 12 min walk to Castle Court A busy shopping centre in the city that has an estimate of 16 million visits per year• 15 min walk to train station• 8 min walk to Belfast City HallWhy invest:• 95% occupancy rates for Signature’s hotels (local average is 73%)• Assured return on investment of 7% during years 1-3, year 4 is 8% and year 5 onwards is 9%• Developer to buyback the units at 106% of the purchase price from year 3 with a 2% increase capped at 116% on year 6 -10 of the investmentPurchase Process:• £2500 reservation fee• 50% of the funds on exchange of contracts• 50% pf the funds on completion (balance minus reservation fee)

 

Ad Ref: 97952017111428

 

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