The Belgrave Hotel, Chester.
10% Net rental assurance for 5 years, prices from £59,950
Introducing the Belgrave Hotel situated in the heart of Chester and perfectly located to capitalise on the growing level of tourism in to Chester as well as the corporate travel in to the area. The Belgrave Hotel in Chester is currently a 2 star hotel combined with a traditional pub, and well located only three minutes from the train station and a ten minute walk from the town centre.
The hotel has 33 rooms all of which were sold out in just a few weeks by Opulent. As part of the future plans of the hotel, the new owners aspire to bring the hotel up to a 3 star standard and will be refurbishing all rooms at the hotel accordingly. There will also be an additional 7-10 rooms adding on the ground floor of this hotel with planning permission already having been received. These are the current rooms Opulent are marketing and below you will see the key highlights of the opportunity:
- Located in Chester City Centre just 200m from Chester Station
- 10 newly constructed rooms as part of the ground floor refurbishment
- Expected completion September 2019
- 5% interest on deposited funds during construction
- 10% Net rental assurance for 5 years payable quarterly in arrears
- 120% Assured Buyback after year 5
- Prices start from £59,950 with free legal fees
- 2 weeks free personal usage available for all buyers