We are pleased to announce that due to the huge success and demand received over the past several months, one of our key projects and property investment opportunities of 2016/17 – The Devon Bay Hotel, Devon, is now 100% sold out. The final remaining units of the total 53 rooms available were sold last week. This was one of our most popular hotel room investment opportunities of late, offering investors secure returns of 10% per annum for a minimum of 5 years. Take into account the 110% buyback guarantee offered by the developer at the end of year 5, and our investors have effectively signed up to receive contractual returns on investment of 60% in just five years courtesy of a leading and reputable UK-based property developer.
With widespread buy to let tax changes, and the reduction of mortgage interest tax relief expected to come into force in April of this year, many landlords and investors are becoming less reliant on mortgages and finance. It is no wonder then, that hotel room investments and so called ‘fully-packaged’ buy to let investments such as The Devon Bay Hotel are increasing in popularity. Available to cash buyers, these alternative investments are designed to not only avoid tax hikes, but to offer security and peace of mind – contractually fixed income returns year on year, with clear and defined exit strategies. Buying property in cash is one way to avoid the tax hikes. Recent figures from Countrywide’s Index, a leading letting agent, indicate that this trend is not only on the up but has reached record levels with a staggering 61% of Britain’s buy to let investment purchases in the month of January 2017 having been completed mortgage-free.
New Hotel Room Investment Opportunities
With the above in mind, we are currently working with two of our most experienced and favoured partner developers on the launch of a brand new hotel room investment opportunity. We are expecting to announce some further news on this very soon. In the meantime however, we still have some excellent options remaining at our luxury hotel and spa development in Wales – The Coal Exchange, Cardiff, offering investors assured returns of 8% for the first 3 years, with 9% in year 4, and 10% in year 5 onwards. As there is limited availability, this development will not be around for much longer. Alternatively please browse our full selection of hotel room investments and UK buy to let investments now.