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For Sale 1 Bedroom 1 Bathroom 1 Reception From £69,000

Market Street, Lancaster, LA1 - From £69,000

  • Investment Opportunity
  • 8-10% Return on Investment
  • Units from £69,000
  • Lucrative buyback options at year 6 and year 10
  • Hotel Refurbishment & luxury management
  • Central Lancaster Location

Royal Kings Arms | Hotel Suites

Nu:Move are proud to present the Royal Kings Arms Hotel in Lancaster, offering an investment opportunity of hotel suites for sale. This lucrative investment brings yields of 8-10% ROI and units are on sale from £69,000. 55 ensuite rooms available, with leisure, conference and business facilities.

Investors are guaranteed 8% Net Rental Income for 2 Years, 9% Net Rental for year 3 & 4 and 10% Net Rental Year 5 onwards. The Hotel Currently has a 60-65% Occupancy Level and occupancy Levels Expected to Increase to Over 75% dure to refurbsihment and management by a luxury hotelier. Returns Paid Quarterly. We are offering developer buy back options at year 6 and at year 10.

The Royal Kings Arms Hotel was built in 1625 and is a Grade II listed building with 55 en-suite bedrooms. Currently operating at 60-65% occupancy, the hotel will benefit greatly from the planned refurbishment of all bedrooms and with the addition of further food & beverage facilities this will significantly improve the overall profitability of the hotel.

Payment Plan:

* £5000 reservation

* Completion within 14 days ...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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