No 7 By La Tour Hotel – Phase 2, Blackpool – UK Buy-To-Let Opportunity, 10% NET Returns Assured, £49,950
Located on the seafront, with charming sea views, No 7 By La Tour is a 65-bedroom hotel well-placed to attract visitors to the popular seaside town of Blackpool, UK.
Open and operational the hotel’s rolling £1.2million renovation is well underway.
Following on from the success of Phase 1, No 7 St. Camillus Hotel is now expanding with the purchase of the adjoining hotel for Phase 2, adding 30 rooms and a further 4 function rooms to the hotel as part of the refurbishment.
These additional rooms will be fully redecorated and refurbished to modern standards, offering visitors a boutique & luxurious feel, complete with new decor, furnishings and bathrooms.
The hotel will specialise in catering for young adults with autism, becoming a leading ‘autism-friendly’ hotel in the area, and will provide suitable accommodation, training and education opportunities within the community, further strengthening its high occupancy and use of function areas.
This buy-to-let opportunity offers purchasers:
- 10% NET Returns contractually assured (£4,995 per year) paid quarterly in arrears
- Assured buyback option at the end of year 5 at 110% of the purchase price
- Assured buyback option after year 10 at 120% of the purchase price
Contact us to find out more
For more information on this buy-to-let opportunity, contact our team today.
✓ 30 en suite hotel rooms available
✓ 10% Assured NET Rental Return per annum
✓ 110% buyback at the end of year 5
✓ 120% buyback at the end of year 10
✓ Rental Income paid quarterly in arrears
✓ 999-year leasehold
To register your interest, complete the form below and a Fortem Global Portfolio Manager will contact you to arrange a consultation.