Situated on the seafront of Whitley Bay, just minutes from the town centre and main attractions, The Royal Hotel has some spectacular views over the beach and St Mary’s Lighthouse, one of the borough’s iconic sights. Fully operational and complete with 45 en-suite rooms, function room, 2 bars, a restaurant, 2 verandas and on-site parking facilities, The Royal Hotel is set to impress.
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.
As part of the transformation, rooms at the hotel will be fully refurbished to offer a boutique & luxurious feel with a full redecoration, new fixtures & fittings & new bathrooms. The hotel refurbishment will also see the addition of a spa facility, a rum distillery and a specialist sensory room installed for autism. The exterior of the property will be refurbished and include 2 verandas for outdoor seating overlooking the spectacular view across the sea.
About the Area
The multi-million-pound regeneration of Whitley Bay is already underway and the hotel benefits from North Tyneside Councils Seafront Masterplan, which includes upwards of 36 million of public & private sector investment, making the area more attractive to visitors, residents & businesses. Last year North Tyneside welcomed over 6 million visitors.
The regeneration and reopening of the historic Spanish City Dome in 2018 for example which has won UK Project of the Year in Tourism & Leisure 2019, has seen a huge boost to the area, with Whitley Bay becoming a major tourist attraction.
This buy-to-let opportunity offers purchasers:
- 10% NET Returns contractually assured (£6,500 per year) paid quarterly in arrears
- Assured buyback option at the end of year 5 at 110% of the purchase price
- Assured buyback option at the end of year 10 at 120% of the purchase price
- Expected ROI of 60% in year 5 or 120% in year 10 respectively.
Contact us to find out more
For more information on this buy-to-let opportunity, contact our team today.
Whitley Bay, England, UK
✓ 45 en-suite hotel rooms available
✓ 10% Assured NET Rental Return P.A.
✓ Rental Income paid quarterly in arrears
✓ 2 Developer Buyback Options
✓ 110% buyback at the end of year 5
✓ 120% buyback at the end of year 10
✓ 999-year-long leasehold
To register your interest, complete the form below and a Fortem Global Portfolio Manager will contact you to arrange a consultation.