CommunalGarden, Information, Lobby, Non-smoking rooms, Outdoor parking lot, Reception desk, Daily maid service, Internet access in the rooms, Laundry and dry cleaning, Room service, Wi-Fi internet in the whole complex
RecreationalGambling hall
CommercialBar, Restaurant
Capital appreciation (p.a.)
Expected price increase of the property* 4% per year (estimated)
*Quote is based on historic facts, market analysis and monitoring of local trends on the market. *Resale price is fully depending on market conditions. Resale price is not guaranteed.
Commercial hotel in the centre of Hartlepool near sandy beaches and Marina
BestWestern - Winner of 'International Quality Award'
Successful business with established customer base
Acclaimed Indian restaurant & busy sports bar
115% buyback at year 5
Zero ownership fees
Income from Day 1
Hands-off venture
We offer an opportunity to purchase a hotel room in an internationally acclaimed hotel chain with more than 4,000 hotels in hundred countries worldwide. The hotel is a winner of “International Quality Award” and provides to customers assurance on quality, personal level of service and hospitality.
Purchasing a hotel room as a leaseholder you will be able to generate a secure 5 year fixed return via a developer buy-back equal to 115% of the original purchase price.
Leasehold owners of the hotel rooms shall benefit from a fixed income stream equal to 8% net of their purchase price. Income will be paid monthly in arrears as a net figure, no additional costs or fees shall be placed on the leaseholders.
"The total volume of hotel investment transactions in the UK increased by 90% in 2014, reaching an 8-year high of £4.3bn, according to Property Data". Knight Frank, January 2015.
Location
The property is located in the centre of the historical town of Hartlepool, England, about a mile from the sandy beaches, Hartlepool Marina and 500 m from Hartlepool Railway Station, from here there is an express train that can take you to London in less than 3 hours.
Hartlepool is situated on the east coast of County Durham in the North East of England. Only 13 miles (21 km) from the A1(M), the main gateway to the North East.
Nearby towns:
Durham – 18 miles (29 km), 28 minutes
Stockton-on-Tees – 13 miles (21 km), 21 minutes
Middlesbrough – 15 miles (24 km), 31 minutes
Newcastle – 32 miles (51 km), 45 minutes
Sedgefield - 14 miles (23 km), 26 minutes
Transport links:
A1(M) Motorway – 13 miles (21 km), 28 minutes
Hartlepool Train Station - 500 metres
Newton Aycliffe Train Station - 6.5 miles (10 km)
Durham Train Station – 11 miles (18 km)
Teeside Airport - 9.5 miles (15 km)
Durham Tees Valley Airport, 22 miles (35 km)
The port city of Hartlepool boasts numerous attractions, including stunning coastline with a marina with a range of contemporary bars and restaurants, a shopping centre and a retail park.
Within easy reach to the hotel are Tweddle Childrens, Animal farm - 2 miles (3 km), Hartlepool Golf Club – 1200 m, Seaton Carew Beach - 2 miles (3 km), Angel of the North – 15 km, Sunderland – 16 km, Lumly Castle – 9 km, Whitworth Hall Country Park – 5 km as well as Preston Park Museum and Grounds, Sedgefield Race Course, Roseberry Topping place, Heugh Gun Batter Mueseum, etc.
Hotel facilities
The hotel features 5 floors (Basement, ground floor, first floor, second floor and third floor) and fully furnished hotel rooms.
The Sports Bar offers sporting memorabilia, pool table, dart bard, 13 TVs with 3 large screens that are popular among locals who want to see sport events such as Champions League matches. So it is a lively and busy place not so typical for such hotel bars.
The Indian restaurant is adjoined to the hotel. It features another entrance to non-hotel residents. The seating capacity of the restaurant is 200 places. The overall rating of the restaurant on trip advisor is 'Excellent'.
The restaurant offers Indian cuisine with reach menu of both traditional and original new dishes. The Head Chef has over 30 years' experience in cooking truely Indian food.
Business facilities. The property features a business centre with 3 function rooms accommodating from 35 up to 200 persons.
There is a traditional building perfect for special occasions such as parties and weddings, business meetings and conferences.
A successful management team is running all of the events.
The property provides additional facilities for business guests such as wonderful coastal location with good transport links and car parking.
Location (approximate)
This is the approximate location of the development. Please contact the listing agent to find out its exact location.
Gallery
Check the images of the property. If you would like to view them in higher resolution, please click on any image.
On legal completion of the purchase the documents to be signed are:
The Main Lease (125 years)
Sub Lease (5 years)
Call Option
Put Option
Pre-emption Agreement
The Main Lease is for 125 years and details the investor’s legal ownership of their unit(s) which is registered at The UK Land Registry.
The Sub Lease is for a period of 5 years and provides the investor with an 8% net return per annum on the purchase price in the form of rental income.
The Put Option provides that at the end of year 5 the investor can serve notice on the developer to buy the unit(s) back for an amount equal to the original purchase price plus a 15% capital uplift (115%).
The Call Option provides that the developer can serve notice on the investor to buy the unit(s) back from them at any time during the first 5 years for an amount equal to the original purchase price plus a 15% capital uplift (115%).
Note: The Put Option relates to the investor and the Call Option relates to the Developer.
The parties enter into a Pre-emption Agreement which means that the developer has the first option (first refusal) over any sale of the unit(s) within the development.
25% of the purchase price is payable on exchange of contracts. These monies are held as stakeholder by the seller’s solicitor to protect the deposit and will only be released on completion of the purchase of the unit(s).
FAQ
Is the hotel open?
Yes, the hotel is trading and operational.
Am I buying a freehold or leasehold?
You are buying a 125 year leasehold, with the room being registered in your name at the UK Land Registry.
Is the sale handled by a solicitor?
Yes, we have an experienced nominated solicitor in place who will advise and act for you throughout your purchase.
Can I re-sell my hotel room?
Yes, you can sell at any given time.
Can I rent my hotel room out myself?
No, your room is leased back to the hotel management company who control the day to day activities.
What are the ongoing costs?
There are no ongoing costs after completion.
What are my returns?
All units receive the same level of return which is equal to 8% of the purchase price.
How do I reserve a Unit?
All units are subject to availability, if you would like to reserve a unit we require a reservation deposit of £2,500 along with a signed reservation agreement which we will forward to you.
Are there floor plans available?
Yes.
Financial analysis
The ownership model is simple yet effective. Its hands-off format enables you to enjoy regular payments directly to your bank account every month. At the end of year 5 your capital shall be repaid in full, equating to a 40% net return on investment.
5 year projection
Initial Investment £56,000
Annual Rental Income £4,480
Monthly Income £373
Total 5 Year Income £22,400
Buyback Uplift £8,400
TOTAL RETURN £30,800
Contacts
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ATTENTION! This is the approximate location of the development. For exact location, please contact us.