En-suite UK seaside hotel rooms
10% NET p.a. for 10 years
The majestic Harland Hotel, situated in a commanding position overlooking Scarborough and the south bay, offers a range of luxury en-suite hotel rooms from as little as £60,000.
Whilst undergoing a rolling refurbishment to the highest standard, the Harland Hotel will remain operational, delivering income at 10% NET for 10 years.
There is also an attractive 125% buy-back option available.
- Prices from £60,000
- Ongoing income: 10% NET for 10 years
- Defined exit: 125% buy-back option
- En-suite single, double & premium rooms
- No stamp duty
Latest research reveals that 1 in 4 people are changing their summer holiday plans due to Brexit and its currency implications, with nearly a fifth choosing to staycation here in the UK.
Going to the seaside is the most popular type of staycation with 46% of holiday makers heading to seaside resorts and the coastal counties of Yorkshire & the Humber welcoming 11% of all domestic visitors within England, an 10% of spend, in 2015 (VisitEngland).
HomeAway echoes this trend, reporting that Yorkshire will be one of the most popular destinations for staycations this year with the quintessentially British seaside resort of Scarborough a top choice. 1.66 million trips, 5.658 million nights and £361 million was spent in Scarborough, the town ‘where seasiding began’ back in the 17th century, in 2015 according to VisitEngland.
This growth in both domestic and overseas tourism is set to be felt in Yorkshire with the latest tourism data for the East Riding of Yorkshire, within which Scarborough is located, estimating that visitors spent £522 million in 2015, up 3% on 2014.
Aside from its Blue Flag beaches and quintessential British seaside charm, Yorkshire tourism is also benefiting hugely from large-scale events such as the annual Tour de Yorkshire cycling competition and other sporting and cultural events.
Indeed, investing in a seaside town can reap great financial rewards as Halifax reveals that average house prices in British seaside towns have risen by 25% in the last decade.
Scarborough has seen an 18.27% rise in house prices over the last 5 years alone (Zoopla) and investor appetite remains strong.
Invest from £60,000
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