Belgrave Hotel Investment
The Belgrave Hotel Investment, in Chester. A unique opportunity to invest in a fully constructed asset with a proven track record, ownership is on a 149-year lease. Furthermore, the Hotel is fully operational and has had an 85% occupancy year round. The Belgrave Hotel Chester has 33 bedrooms. Thes rooms will be refurbished in stages to bring the hotel from a 2 to a 3 star hotel; therefore will command a higher room rate per night once complete. During the works, the hotel will remain open. Investors will receive an assured rental return of 10% per annum from day 1 of ownership. The Opportunity also comes with a contracted buy-back at year 5, which is at 120% of the initial purchase price. This represents a total ROI of 70% in 5 years. The Belgrave Hotel is very centrally located in the heart of historic Chester and ideal for seeing the local sights such as Chester Cathedral, the Roman Walls and the ruins of the amphitheatre, all within walking distance of the hotel. Furthermore, the hotel will attract business and tourist guest all year round.
Belgrave Hotel Investment Highlights
- Prices starting from £64,950
- Immediate Rental Income
- Free legal fees
- £2,500 reservation fee
- 10% net returns assured for 5 years
- 120% guaranteed buyback at the end of year 5
- No Stamp Duty Payable, No Hidden Costs
Located just a short walk from the bustling town centre, The Belgrave Hotel is perfectly located for visiting the local attractions. Chester Zoo is within easy reach along with the Blue Planet Aquarium, Chester’s newest attraction. Additionally, Chester is rich in history & perhaps best known for its black and white timbered Rows built in the 16th century to accommodate small shops and bars, and a walk around the town to enjoy the scenery is an ideal pastime. In fact, so popular is the scenery in Chester that it is now one of the UK’s most visited cities. Only 3 minutes from the train station and a ten-minute walk from the town centre.
Why Invest In Hotel Rooms?
The demand for hotel rooms remains very robust and demand remains consistent for hotel rooms is consistent nationwide from both tourist and business travellers. 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.