The George Best Hotel, Belfast City Centre, Belfast, Co. Antrim, BT1 6JH

£80,000 (€91,293)
Apartment for sale | 1 Bed | 1 Bath
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Overview

Property Overview:

  • For Sale by Private Treaty

Property Description:

Please note this is for investment only and not residential accommodation


Luxury Hotel Suites In Belfast - Invest From Just £80,000


Why Invest?

- Belfast will be doubling its value of tourism to £870,000,000 by 2020

- Belfast to deliver hotel room shortfall of 3,750 by 2020

Yields

The returns for this investment are guaranteed and are 8% net per annum for years 1-3, 9%net for year for and 10% net per annum for years 5-10. There is a buyback option from year three onwards and begins with a 6% uplift on the original purchase price, increasing by 2% each year, capped at 12% uplift. All returns are contractually guaranteed and paid quarterly. The great thing about this opportunity aside from the returns is it's built in exit strategy.

Further Information

Scottish Mutual building in Donegal Square, Belfast is being redeveloped it into The George Best Hotel, providing luxury group accommodation.

Belfast has undergone a resurgence in tourism over the past decade and last year the city was crowned Best UK City. With 1.4 million visits which contribute over £278 million to the economy and support 17,000 jobs, Belfast's growth is only just beginning. Belfast is the driving force behind Northern Ireland's economy and is a hub for not only international visitors but also domestic.

The city which has an eclectic vibe, with a plethora of restaurants, bars, attractions and landmarks to explore. The local council has outlined plans to increase the cities growth 100% by 2021, which will be achieved by improving transport links, more events and refining visitor experience. This growth has been recognised by many key companies across a broad range of sectors including accommodation, food & beverage and entertainment.

As it stands, there are currently 27 new hotel developments in the pipeline for Belfast, bringing 3,747 additional bedrooms to the city. This highlights the elevated interest in Belfast and the expected growth over the next couple of years, making now the perfect time to invest in the city.


With Units Ranging From Just £80,000 - £134,000 Get InTouch Today For Further Information & Brochure

Facilities:

  • Gas Fired Central Heating
  • Wired for Cable Television
  • Wheelchair Access

Daft Property Shortcode:

http://www.daft.ie/11610307

Date Entered/Renewed:

6/12/2017 (10 days ago)

Property Views:

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Address:

The George Best Hotel, Belfast City Centre, Belfast, Co. Antrim, BT1 6JH

Distance to City Centre:

0.1 km (0.1 miles), 0 minute walk

Street view

Property price history

£80,000 First Listed Dec 06, 2017

Buying information

The stamp duty figure is based on the current applicable rates of stamp duty and may not take into consideration all relevant factors required in calculating an accurate charge. While we endeavour to keep this information up-to-date, we make no representation or warranty of any kind, express or implied, about the accuracy or reliability of this information.

None of the information contained in this information box should be construed as financial advice and you should always seek independent financial advice as individual circumstances may vary. Any reliance you place on the information contained in the information box is therefore strictly at your own risk. In no event shall we be liable for any loss or damage including without limitation, indirect or consequential loss or damage.

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Johnathan Jordan

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The George Best Hotel, Belfast City Centre, Co. Antrim