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For Sale 1 Bedroom 1 Bathroom 1 Reception From £50,000

Belmont Road, Scarborough, YO11 - From £50,000

  • **INVESTMENT OPPORTUNITY**
  • 10% Net ROI Assured
  • Buyback option at year 10 for 125%
  • 125 year Leasehold with title
  • Stamp Duty exempt
  • Fully managed hands off investment
  • Reserve for £1,000

HARLAND HOTEL | HOTEL SUITES From £50,000

OVERVIEW

The Harland Hotel sits majestically above the cliffs on the beautiful North Yorkshire coast overlooking the popular resort of Scarborough.

Individual units are available for investment, with affordable purchase prices & significant rental yields. Investors receive assured returns of 10% NET in years 1 - 10 on full cash inputs. Investments are completely hands-off and require no ongoing management or maintenance costs. Investors also receive an assured buy-back opportunity from years 10-15, providing an impressive ROI.

With a long and proud history of delivering excellent hospitality to holidaymakers since it was built in 1854, the new-look Harland Hotel will further enhance its reputation as the perfect base for those looking to unwind and explore all that this rugged and exciting part of the world has to offer.

Offering fantastic views over the bay this large, comfortable hotel, richly decorated and with unique charm and character, the Harland Hotel is an imposing site along the Scarborough esplanade. Behind the old-fashioned warm welcome The Harland offers, you will find all the advantages of a modern hotel: comfortable, well-planned, with excellent facilities for all age groups and a light and airy contemporary feel.

With 74 en-suite rooms, many enjoying breath-taking views across South Bay, this imposing hotel will shortly undergo a rolling schedule of renovation over a three year period that will be sympathetic to the architectural beauty of the building. The sensitive refurbishment will maintain the look and feel of the hotel, respecting its heritage. Additions will include its own up-market coffee house, spacious restaurant and relaxing bar area. In addition the hotel?s existing function rooms will be updated to complement the grandeur of this impressive building.

Single, double/twin, family bedrooms and suites will be converted into well-equipped and welcoming rooms with a fresh and elegant style designed to give the modern family all they need.

PROPERTY HIGHLIGHTS

The Harland Hotel is a majestic hotel situated in an outstanding location in one of the UK?s most iconic seaside resorts with a commanding position overlooking Scarborough and South Bay. Now available for investment, the Harland Hotel offers an exceptional investment opportunity, with a number of unique highlights.

* Robust long established hotel business with rental income from year 1

* Single, Double, Family rooms and Suites available for investment.

* Fine Grade 2 listed building constructed in the 1830's

* Commanding position above the cliffs overlooking Scarborough, the favoured South Bay and the harbour

* 10% NET returns for 10 years

* 125% buy back options from year 10

* 125 year leasehold with title

* A hands-off property, fully managed by a highly experienced hotel operator

* Spa, hotel, restaurant and bar

* Rolling schedule of renovation over a three year period that will be sympathetic to the architectural beauty of the building

* Reserve for £1,000

...Read Less

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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