Property Investment Specialists
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email info@thehotelinvestmentcompany.com
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We regularly have new and exciting investment opportunities arise, see below for some of the latest...
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We're delighted to bring you a new investment opportunity with a difference! Our first sporting ground hotel.
Penthouse rooms in a brand-new hotel at Durham County Cricket Club priced £80,000
This exciting new development has been designed to make Durham the premier ground in the North and one of the finest in the world.
The three key areas of development are: additional and upgraded stands, the DCCC Gate Way conference centre and The Hotel. These elements will combine to offer a comprehensive facility to the cricket, conference and entertainment markets as well as providing the area with a state-of-the art commercial hub.
Key Investment Features
5 year rental income @ 6% pa
Priced 44% below current market valuation
To be managed by major 'brand' hotel operator
Major sporting, leisure and conference venue
Only 20% deposit (protected)
Room Prices £80,000
The Hotel
The Hotel element of the Durham development is the key to the success of the master plan and we are offering you an opportunity to be a part of this. The 150-bed hotel, which will be owned and run by Durham County Cricket Club under the management of a major
international hotel brand will offer a much needed facility to cricket spectators, conference guests and local and national businesses. Its proximity to some of the most stunning historic sites in the north of england will also ensure it has a wealth of leisure guests visiting the local area.
Investor Facts
Total Units: 150
Currently Released:37 Penthouse Units
Purchase Price: £80,000 plus Vat
Reservation Fee: £4,000 plus vat
Exchange deposit: 20% plus vat Less Reservation Fee
Completion Balance: 80% plus vat
Returns
Years 1-5 - £4,800 plus vat (6%) per annum
Year 6 onward 50/50 split of room income with management company
Management Fee and ground rent payable from year 6.
Construction begins September 2011, completion due 2013.
Accompanied site visits available via The Hotel Investment Company – we are happy to arrange these to suit you.
For our brochure and full details including long term return illustrations please contact us.
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Fill out our simple enquiry form and we’ll get back to you to answer your questions.
