Devon Bay

Devon Bay is a stately Victorian hotel with 53 hotel rooms, and gives a 9% net rental yield for 5 years, with a buy back opportunity after five years.

HIGHLIGHTS

  • 9% NET for 5 years
  • Buy Back with 10% Uplift after Five Years
  • Prices from £54,900
  • Hotel is currently operational
  • Tourist attractions within walking distance
  • Each room comes with a long leasehold of 999 years

INTRODUCTION

Situated just minutes from a beautiful beach, The Devon Bay Hotel is offering a 9% net rental yield for 5 years, with the excellent buy back opportunity after five years.

OVERVIEW

Investment in these hotel rooms starts from just £54,900 and each room comes with a long leasehold of 999 years. Devon Bay Hotel is located in the coastal town of Ilfracombe, with a population of over 12,400, is the second largest settlement in the district. The excellent location of the hotel is within walking distance of many of the area’s tourist attractions and is in close proximity to tennis courts, a gold course and a swimming pool. Devon Bay Hotel offers a 9% net rental yield for 5 years, with the excellent buy back opportunity after five years with a 10% uplift.

PAYMENT STRUCTURE

  • 10% payable within 7 days of booking
  • 90% payable upon exchange (30 days)
  • Exchange and Completion will happen simultaneously

WHY INVEST IN HOTELS?

Hotel room investments allows many investors a chance to get a piece of the UK's most profitable Buy-To-Let avenues. Buying into a single room or two can be a low cost yet effective way of providing a good stream of rental income over a period of time. The hotel industry in the UK has been growing strongly in recent years and this looks set to continue. BDO recently detailed occupancy levels at record highs and room yields have been increasing for the last 5 years. Other property sectors are prone to fluctuations in terms of prices, but because the demand for hotels is felt nationwide, they are more resilient to short term markets changes. In fact, though the 83% occupancy rates of London hotels is higher than the regions' occupancy rates of 76%, the growth in yield per room produced by regional hotels is outstripping London. An investment in a hotel room now is an investment in a booming industry which is forecast to continue to grow.

FINANCIALS

On a £54,900 investment, Devon Bay offers £411.75 PCM that will be guaranteed by the developer for 5 year. This equates to £4,941 p/a.

For further details call (0)20 8445 6542 or email info@tarquinjones.com.

 

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Contact Us

Headquarters

Balfour House, 741 High Road,
North Finchley, London, N12 0BP

Call Us

+44 (0)20 8445 6542

Email Us

 info@tarquinjones.com

AdminDevon Bay