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For Sale 1 Bedroom 1 Bathroom 1 Reception From £80,000
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Bedford Street, Belfast, BT2 - From £80,000

  • UNIQUE INVESTMENT OPPORTUNITY
  • Hotel Suites from £80,000
  • Assured, contractual rental return: 8% NET per annum - Years 1 - 3
  • Buy back option, at least 106%
  • Central Belfast Location
  • Luxurious redevelopment of Grade B1 listed building

George Best Hotel | Hotel Suites

Nu:Move are proud to present a series of luxury hotel suites on sale as units for an investment opportunity. Investors can expect guaranteed yield of 7% ROI in years 1-3, 8% ROI in year 4 and 9% ROI in year 5. Exclusive buy back option is available commencing at 106% of sale price and increasing with number of years of ownership.

Nestled on the junction of Donegall Square and Bedford Street, The George Best Hotel is set to be nothing short of remarkable. This grandiose hotel is in a prime city centre location overlooking Belfast City Hall and will pay tribute to one of the greatest footballers of our time. Originally named the Scottish temperance Building before later changing to the Scottish Mutual Assurance Society Building, this beautiful Grade B1 listed building will become the focal point of the centre of Belfast. Built by Henry Seaver and completed in 1904, the redevelopment will incorporate and preserve much of the buildings history. Having previously served as offices, this building will be transformed into a luxury football themed hotel featuring premium amenities, a stunning wedding and events space, a museum dedicated to the legacy of George Best, plus a stylish bar and restaurant. The classic Baronial style architecture will retain many of its original features across all six floors, making it the perfect heritage redevelopment for Signature Living.

The beautifully crafted George Best Hotel boasts a Belfast city centre location which attracts 6.4 million tourists per annum with the tourism economy valued at £450 million per annum and forecast to increase to £870 million in 2029. The Republic of Ireland is an EU member country and the City of Belfast is the hub of the majority of commerce and finance business. In addition the city has an international reputation with world class financial and academic institutions.


INVESTMENT HIGHLIGHTS

* Total number of units 83

* Fully furnished and managed hotel room from £80,000

* Assured, contractual rental return: 8% NET per annum - Years 1 - 3

* 9% NET Year 4

* 10% NET per annum - Years 5 - 10

* Developer buy back at 106% of the purchase price after year 3, plus an additional uplift of 2% per annum until year 6 where it stays at 112% until year 10

* No ongoing costs

* Returns paid quarterly


PAYMENT PLAN:

* £2500 reservation fee

* 50% on exchange

* 50% on completion
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The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above £125,000 and up to £250,000 2 £ 0
Above £250,000 and up to £925,000 5 £0
Above £925,000 and up to £1,500,000 10 £0
Above £1,500,000+ 12> £ 0
*This is for illustrative purposes only

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