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Donegall Square South, Belfast BT1

£129,200

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 roomLease: 999 yearsOverview• 24-hour concierge and security• Bar & restaurant onsite• Top floor wedding & conference roomsLocation Highlights• Located in the heart of the Belfast City centreProperty Features• Grade B1 listed building, Heritage redevelopment• Luxury Hotel consisting of 83 unitsLuxury Hotel Suits in BelfastThis grandiose hotel is in a prime city centre location overlooking Belfast City Hall and will pay tribute to one of the greatest footballers of our time.Built by Henry Seaver and completed in 1904, the redevelopment will incorporate and preserve much of the buildings history whilst aligning it with Signature Living's unique vision and guest experience. Having previously served as offices, this building will be transformed into a luxury football-themed hotel featuring premium amenities, a stunning wedding and events space, a museum dedicated to the legacy of George Best, plus a stylish bar and restaurant.*There is an option for the developer to buy back the units at 106% of the purchase price after year 3, plus an additional 2% per annum uplift which will be capped at a maximum of 112% of the purchase price.Why Invest:The local council has outlined plans to increase the cities growth 100% by 2021, which will be achieved by improving transport links, more events and refining visitor experience.95% occupancy rates for Signature's hotels (local average is 73%)roi:• First 3 years - 7% net• Year 4 - 8% net• Year 5 onwards - 9% netPurchase Process:£2500 reservation fee50% of the funds on exchange of contracts50% pf the funds on completion (balance minus reservation fee)

 

Ad Ref: 97962017111428

 

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