A unique hotel investment opportunity in the heart of Whitely Bay
A fully owned & operational hotel in the centre of Whitley Bay, will offer accommodation to the growing tourism trade as well as training facilities for young autistic adults and accommodate family & friends. An investment entry level of £65,000, the opportunity here is to earn a total ROI of 120% over 10 years, while making a socially responsible and ethical investment. Investors receive immediate, quarterly income with no ongoing costs. Secured exits are offered to sell at any time on the top open market or contractually sell back to the hotel at year 5 or 10.
No. OF UNITS: 45 en-suite rooms
UNIT PRICE: £65,000
OWNERSHIP: 999 year leasehold property title
YIELD: 10% net contractually assured (£6,500 per year)
YIELD PAYMENT: Quarterly in arrears
ADDITIONAL OWNERSHIP COST: None
1. HOTEL BUYBACK OPTION - YEAR 5 AT 110% = £71,500
2. HOTEL BUYBACK OPTION - YEAR 10 AT 120% = £78,000
3. SELL ON THE OPEN MARKET AT ANY TIME
The hotel boasts seafront views and is surrounded by local businesses with a short walk to the city centre.
Situated on the seafront of Whitley Bay, minutes from the town centre and main attractions. The hotel comprises of 45 bedrooms with spectacular views over the beach and St Marys Lighthouse. Currently within the hotel there is a function room, 2 bars, a restaurant, 2 verandas and parking facilities.
Each year the town hosts multiple events such as the Whitley Bay Carnival, the Classic Car Show, a variety of food & drink festivals, music festivals, sporting events and firework displays, just to name a few. These events attract tens of thousands of people to The Links and Spanish City Plaza. St Marys Lighthouse which can be seen from the hotel is approximately 2 miles away and is one of the borough’s main attractions.
The rooms will be fully refurbished to offer a boutique & luxurious feel within close proximity to the beach and sea. This includes, full redecoration of the rooms, new fixtures & fittings & new bathrooms installed. All rooms will be marketed to the public and become a leading autism friendly hotel in the area. To keep occupancy levels high all year St Camillus offer the rooms to college supported students to come up and stay, train and work at the hotel during the week to help them gain essential experience and potentially lead to future work opportunities.
The hotel refurbishment will also see the addition of a spa facility, a rum distillery and a specialist sensory room installed for autism. Outside there will be 2 verandas refursbished with outdoor seating over looking the spectacular view across the sea.
"We are very pleased with the deal offer to us! Thank you for being attentive and in tune to what we wanted. You are on top of the market. Thank you for your guidance, recommendation, sound advice, hand holding and hospitality throughout the whole process. We look forward to investing with you again.... "