The Comfort Inn Manchester North is a 42-bedroom hotel, located next to the wide-open spaces of Heaton Park. The hotel provides an ideal base for guests to explore Manchester’s many local attractions including Old Trafford, the new Sea Life Centre and the Trafford Centre.
The Comfort Inn is a well recognised hotel brand, with over 2,000 Comfort Inn®, Comfort Hotel®, Comfort Suites TM and Comfort Resort™ properties worldwide.
Previously known as the Premier Inn Manchester North, the hotel’s transition to The Comfort Inn by developers Shepherd Cox has resulted in an extensive and targeted modernisation and overall extension, which has created this new opportunity for investors.
Situated close to the Bowker Vale tram station with its direct links into Manchester City Centre and only eight miles from Manchester International Airport the hotel has easy access to excellent road and rail networks ideal for leasure and business.
Manchester is one of the fastest growing cities in the UK. Its renaissance is hallmarked by a rising international profile and population. The city’s dynamic knowledge-based industries benefit from the innovation and research resources of four Universities, while Manchester also boasts the largest financial, professional and legal services sector outside of London.
Media City and the presence of the BBC and ITV reinforce Manchester as a creative hub, while it is also a centre for sports, home to Manchester United and Manchester City football clubs.
With a large increase in visits to local attractions including the National Football Museum and the Imperial War Museum, Manchester’s top tourist attractions are flourishing.
Attracting an estimated 1,191,000 inbound staying visitors in 2016, second only to Edinburgh and London, Manchester has a strong demand for short stay business and leisure accommodation which is expected to continue to grow in the coming years.
Shepherd Cox has developed a diversified group of assets worth £50m in sectors including healthcare, hotels, leisure, and residential. In the past 4 years, Shepherd Cox has successfully sold and completed 320 units totalling £24 million within the hotel room investment sector. Shepard Cox has a portfolio of 17 Hotels with an annual turnover totalling over 16 million pounds.
This buy-to-let opportunity offers purchasers a 5-year fixed return via the purchase of a hotel room asset in the Comfort Inn. Leasehold owners of the hotel rooms shall benefit from a fixed income stream equal to 8% net of their purchase price. Income will be paid monthly in arrears as a net figure, no additional costs or fees shall be placed on the leaseholders. The opportunity provides a clear exit strategy at the end of year 5 via a developer buy back equal to 110% of the original purchase price.
For more information on this buy-to-let opportunity, contact our team today.
✓ 42 en suite hotel rooms available
✓ 8% net rental return per annum
✓ 110% buyback at the end of year 5
✓ Income paid monthly
✓ £2,500 reservation fee
To register your interest, complete the form below and a Fortem Global Portfolio Manager will contact you to arrange a consultation.