Hotel For Sale

From £59,950

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:

Investment Highlights:

  • 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
FAST FACTS
Price
£59,950
Developer
Merydion
Management Company
Merydion
Service Charge
n/a at any stage
Payment Plan
50% on Exchange, 50% on completion
Management Fee
n/a at any stage
Ground Rent
n/a at any stage
Completion Date
Sep 2019 for new rooms
Deposit Interest
5% on deposited funds
Tenure
149 years leasehold
  • 120% Assured buy back in year 5
  • 200m from Chester Train Station
  • 5 minutes walk to Chester City Centre
  • Planning permission to add 10 rooms
  • 5% interest on deposited funds
  • Investor friendly payment plan
  • Fully Furnished Within The Price

THIS PROPERTY HAS EMBEDDED VIRTUAL TOUR

contact the consultant.

OPULENT INVEST

CONSULTANT.

020 7205 4345
info@opulentinvest.com
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