Devon Bay Hotel, Devon
➤ Prices starting from just GBP47,500
➤ Recently refurbished Victorian Hotel in Ilfracombe, a bustling seaside resort
➤ 53 en-suite rooms ranging from single to deluxe family rooms
➤ Walking distance from a beautiful beach and all tourist attractions
➤ Guaranteed rental return of 10% NET for 5 years
➤ Guaranteed buyback and uplift of 110% at year 5
Hotel Room Investment, Devon Bay Hotel, DevonNew World Property Investment are proud to announce a hotel room investment opportunity not to be missed in one of the UK’s top holiday destinations – Devon. Situated just minutes from a beautiful beach, The Devon Bay Hotel is located in Ilfracombe, a bustling, charismatic seaside resort, with a population of over 12,400 making it the second largest settlement within the district. The Hotel’s excellent location means there is no need for a car as there are a number of attractions within walking distance, including the award-winning Ilfracombe Aquarium, the unique Tunnels Beaches, fascinating Ilfracombe Museum, Larkstone Leisure Park, Hele Cornmill and Chambercombe Manor. Tourism is one of Devon’s leading industries. 536,000 international tourists spent GBP259million representing a 38% rise in visitors compared to just 3 years ago in 2012. This far exceeded the national average increase of just 3% over the same period. Furthermore there were some 512,000 holidaymakers who visited the region during July, August and September in 2014 representing an all-time high for the three month period.
Buy to let hotel room investment is the fully-managed, hands-off, high-yield asset class that should be considered as a possible component of every investor’s portfolio. The exciting asset class of individual hotel rooms provides an opportunity for investors to enter into the commercial property sector at an affordable level. Hotel room investment is a superb turnkey investment product that typically requires far less involvement than a buy-to -let property and yields some of the highest returns available in today’s market.
This stately Victorian hotel has 53 bedrooms, ranging from single to large family rooms, with each room having a private en-suite bathroom, plus all of the features you would expect from a quality hotel. Communal facilities include a lounge area with bar, function room, business suite, restaurant and private dining room.
Features Of The Development:
- Recently refurbished Victorian Hotel in Ilfracombe, a bustling charasmatic seaside resort
- 53 en-suite rooms ranging from single to deluxe family rooms
- The Hotel is a detached property and all rooms benefit from natural light throughout the day
- Communal facilities include a lounge area with bar, function room, business suite, restaurant and private dining room
- Situated just minutes from a beautiful beach
- Within walking distance of all local amenities and all tourist attractions including award-winning Ilfracombe Aquarium
- Prices starting from just GBP47,500
- 665 – 999 years leasehold
- Guaranteed rental return of 10% NET for 5 years
- 160% return on investment over 5 year period
- Guaranteed buyback and uplift of 110% at year 5
- Complimentary 2 weeks stay within the Devon Bay Hotel and all developers associated hotels – subject to availability
- 512,000 holiday makers visited the region during July, August and September in 2014
Property Investment Process:
Investing with us at Devon Bay Hotel, Devon is as easy as picking up the phone. The steps are outlined below:
- Call and speak to your property expert at New World Property Investment
- Select the best room(s) available
- 10% payable at reservation within 7 days of booking
- 90% balance payable on completion (usually within 28 days)
Estimated Completion: Completed
Finance: None offered
Unfortunately this particular opportunity is now sold out. Please browse our alternative hotel room investment opportunities in the UK.