The Midland Aparthotel, Great Yarmouth
➤ Prices starting from just GBP55,000
➤ GBP300,000 refurbishment programme of existing hotel, located in Great Yarmouth – a famous UK seaside town in Norfolk with excellent quality of life
➤ 28 fully-furnished contemporary studio apartments across 3 floors
➤ Assured rental returns of 10% NET for 10 years
➤ Defined exit strategy – 110% assured resale from year 5 and 120% guaranteed buyback option from year 10
➤ Zero ownership fees and no running costs
Hotel Room Investment, The Midland Aparthotel, Great YarmouthNew World Property Investment are delighted to present our latest hotel room investment opportunity, the Midland Aparthotel, Great Yarmouth – a new era in hotel living. The ownership model for this investment is simple. Invest in a studio that rewards you with regular payments, directly to your bank account, each quarter. An assured return on investment of 10% per year for ten years. Unlike traditional hotels, aparthotels give guests the option of staying longer in serviced apartments. Demand for this type of accommodation is already seeing returns higher than for traditional hotels. In fact, the market is currently rising at 5.5% per year higher than hotels and almost double the operating profits made by hotels. The Midland Aparthotel will undergo a GBP300,000 transformation into 28 high quality serviced apartments. Each unit will provide guests with everything needed for a comfortable stay – regardless whether short or medium term accommodation is required.
The Midland Aparthotel is located just 50 metres from Great Yarmouth’s famous Regent Road and its stunning ‘ceiling of lights’, and just 100 metres from the beach front. The location offers a pleasant setting from which to explore Great Yarmouth’s shops, theatres and restaurants – or maybe enjoy a cocktail or two before taking a stroll across the expansive beachfront. Living in an aparthotel means there are no hidden charges to pay. People staying in aparthotels are not subject to tenancy agreements – and there is the added advantage of living as part of a community while enjoying your own space. Unlike a typical buy to let property, this investment will be fully managed and carries zero ownership fees so there are no running costs for you to pay. The investment will be a straightforward purchase, with assured returns on your investment each month.
Why Great Yarmouth? Great Yarmouth has been transformed in recent decades from a seaside town into a hub for the North Sea Oil industry and green energy. The town is set to develop further as it becomes an important centre for decommissioning activity in the North Sea. This sector alone is set to be worth more than GBP125 million in the next 10 years, according to the local council. Spending on North Sea decommissioning is already hitting record levels with GBP46 billion forecast to be spent up to 2040 – and Great Yarmouth will be at the forefront of this activity. This will bring a significant boost to the local economy and attract many other businesses, both directly and indirectly, supplying the needs of a growing industry and local population. Property prices in Great Yarmouth average GBP173,000, which is close to the UK average house price of GBP185,000 (Source: Land Registry, September 2015). Contractors and temporary workers are unlikely to want or be able to invest in property, simply for the purpose of working in the town. The Midland Aparthotel provides the solution. Flexible accommodation at affordable prices for those living and working in Great Yarmouth. Ideal for guests staying only briefly or living in the town on a temporary basis.
Features Of The Development:
- Soon to be refurbished hotel, located in Great Yarmouth – a famous UK seaside town in Norfolk with excellent quality of life
- 28 fully-furnished studio apartments across 3 floors
- GBP300,000 refurbishment programme – Contemporary conversion
- Hands-free, fully managed hotel room investment
- Located just 50 metres from Great Yarmouth’s famous Regent Road and its stunning ‘ceiling of lights’, and just 100 metres from the beach front
- Prices starting from only GBP55,000
- 125 year leasehold
- Excellent rental income – Assured rental returns of 10% NET for 10 years paid quarterly in arrears
- Immediate returns – 5% interest paid on deposited funds
- 110% assured resale from year 5
- 120% guaranteed buyback option from year 10
- Zero ownerships fees and no running costs
Property Investment Process:
Investing with us at The Midland Aparthotel, Great Yarmouth 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 of the unit(s) available
- There is a reservation deposit of GBP2,000 to secure your unit
- Balance is payable upon completion within 28 days of reservation
Estimated Completion: Q2, 2017
Finance: None offered
Unfortunately this particular opportunity is now sold out. Please browse our alternative hotel room investment opportunities in the UK.