Hotel in Harrogate, 12% Net income Guarantee
Hotel Harrogate
(Exact name of hotel not included for legal, contractual reasons.)
12% MINIMUM rental guarantee on UK property in the North of England and 7.5%-17.5% discounts.
Investor gross % yield per annum 15.38%-18.19% Year 1 cash on cash investment return including discount of 102.07%-167.62% Rooms in this hotel have just been fully refurbished and come fully furnished for investors, and 80% financing is available. 999 year lease The hotel's current management company has been running for 17 years and consistently achieves 95% occupancy rates.
The average occupancy rates on a single and double/twin room is 96.5% and the executive themed rooms at 99%. At the room rates it has been achieving, the average investor NET income (after interest only mortgage deductions) is between 9.78% and 12.95%. Prices start from £ 108,000
The first year the investor is guaranteed a minimum 12% accounts.
Last years accounts indicate a return of 12% the projected accounts for this year suggest that they may achieve 17%
Several units have gone already on our first day of launch!
****PLEASE NOTE that the attached documentation suggests that 7% finance is available. This information is no longer correct. The finance provided is at 9% and is private finance which has been put into place until such a time when a suitable mortgage product is available on the open market
When a suitable mortgage product becomes available you may be able to refinance your investment at a more preferential rate in addition to releasing some / all of your deposit monies (subject to availability / acceptance) ****
Click here to see the Full Brochure.
Click here to see the Spreadsheet.
NOW Complete the online reservation form and send first-class to 1st Choice Property Investments Ltd.
Please note: This had been sold out, but due to individual circumstances two buyers are unable to exchange contracts and their units have become re-available.
Please call for specific room availability.
Only 1% fee payable.
Reservation fee is £2000 and is refundable, should you be unable to obtain finance!!
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