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The Hotel Belvedere In Blackpool

£24,950

Reference:
HBBS
Type:
Commercial
Location:
United Kingdom
City:
Blackpool
Bedrooms:
1
Bathrooms:
1

The Hotel Belvedere in Blackpool is offering potential investors a great 10% PA for the first 10 years combined with a buy back at year 5 of 110% AND 120% at year 10! To combat current worries in the market the developer has included the first TWO years rental payment to be paid in advance making this a truly amazing opportunity!

 

Prominently situated on the North Promenade of Blackpool’s Beach, offering stunning views over Morecambe Bay, and within easy reach of Blackpool’s many tourist attractions sits The Hotel Belvedere. 

 

Hotel Belvedere offers potential investors a choice of 30 en-suite bedrooms enhanced with flat screen LCD televisions and tea & coffee making facilities. Guests can enjoy daily fully cooked breakfasts and a four course evening meal in the sea-view Cavendish Restaurant. The hotel is fully complete and operational therefore provides immediate income for investors without any construction risk. 

 

The Hotel Belvedere in Blackpool is situated on the North Promenade of Blackpool’s famous sea front, offering amazing views over Morecambe Bay and within easy reach to all of Blackpool’s many tourist attractions.

 

The Hotel has built up a loyal following over the years due largely to the friendly and personal service given to all new and returning clientele. Renowned for providing exceptional evening entertainment in the form of Las Vegas style cabaret, the hotel is also famous for providing a very clean and enjoyable customer experience. 

 

The hotel’s new owners do not intend to change much with the hotel. Instead they plan to invest some money in to redecorating some of the rooms to bring them in line with the standards that the customers expect. There are talks amongst the new owners to introduce a pet friendly angle to this hotel having recently carried out some research in to the Blackpool market and potentially identifying a gap in the market. Due to rise in Staycations the UK has also seen a rise in demand for UK holidaymakers taking their pets away with them. Nothing has been confirmed as yet about this but this features very highly as part of the groups aspirations. This could also add a additional and potentially lucrative revenue stream to the hotel. 

 

The proposal for the hotel is to transform it in to a more modern contemporary pet friendly hotel by its proposed new owners.

 

Each hotel room will be sold and the proceeds will be used to lightly refurbish this hotel and expand the groups portfolio of hotel’s. Each investor with be given a 149 years lease on the room with investors subleasing the rooms back for 10. 

 

Each investor will receive a 10% net return payable quarterly in arrears and a buyback in year 5 at 110% of the initial purchase price of the room or alternatively a buyback for 120% in year 10. 

 

Room prices will start from as little as £24,950 with some rooms offering frontline sea views. Investors will also be given the opportunity to negate the risk of COVID-19 and receive either the first year or 2 years rent up front and deducted of the purchase price of the room. This means you can purchase a hotel room from as little as £19,960 cash input. 

 

Prior to the arrival of COVID-19, the UK Hotel industry was booming. UK hotels had enjoyed record growth registering year on year growth since 2010. The biggest driving force had been the fall in the value of the pound since Brexit. This has meant that travelling to the UK from overseas has become cheaper making the UK a sought after location for tourists. Since 2017 Inbound tourism to the UK has soared as a result of this. This is particularly evident in London where the first half of 2017 saw a 20% increase in holiday visits. 

 

Since the arrival of COVID-19 the picture is a little different. Most UK industries have been hit badly by the virus and the leisure industry is no different. Many hotels have been closed temporarily to restrict the spread of COVID-19 with most expecting to reopen in July 2020. Experts predict that whilst in the short term the UK economy will shrink, the setback will be temporary with the nation bouncing back strongly in 2021. So whilst demand for hotels will be low for the remainder of this year and possibly some of next year, things should begin to return to normality at some point in 2021. One of the reasons for this is the rise in UK residents holidaying in the UK for their holidays, a term called Staycation. 

 

In 2019 according to voucher codes, 36% of brits opted for Staycations in 2019 and in the wake of the coronavirus pandemic this figure is only going to rise. The reduction of air travel, lower levels of disposable income and the increased cost of overseas holidays due to the devaluation of the £ are all key factors behind why staycations will rise in the foreseeable future. 

 

Blackpool needs very little introduction as a mainstream UK tourist destination. Loved and visited by millions of tourists each year, Blackpool remains in the hearts of many British and overseas visitors. In fact such is the popularity of Blackpool, that it has been the UK’s favourite seaside destination for over a century.


In some ways, the way Blackpool has achieved this status is by remaining loyal to its visitors and striking what some call an emotional bond with visitors in the wake of greater competition from other coastal resorts. In spite of all of this however, Blackpool was always known as a hot bed for holiday makers at the lower end of the market. With changing requirements amongst families in particular, Blackpool had to do something drastic to keep up with the times. So in 2015 the City embarked on a massive regeneration plan that has come a long way. 

Property Features

  • £24,950 
  • 2 years rent in advance 
  • 10% net 
  • Free Legal’s with recommended lawyer 
  • 110% 120% 149 year 
  • Rooms starting from as little as £24,950 
  • Paid upfront and discounted from the purchase price to negate COVID-19 Risk 
  • 10% net assured for 5 years payable quarterly in arrears from year 3 onwards 
  • Legal Fees paid by developer 
  • Assured buyback in year 5 
  • Assured Buyback in year 10 
  • 149 year lease granted to all buyers as security