0 Bedroom Apartment For Sale
£60,000

Belmont Road, Scarborough, North Yorkshire, YO11 2AA


Interested in this property? Call: 01342 837783 & Request Details
Property description

10% NET INCOME ASSURED FOR 10 YEARS

* 125% DEVELOPER BUYBACK AT YEAR 10

* STAMP DUTY EXEMPT OPTIONS, FROM £60,000

* IMMEDIATE INCOME ON COMPLETION

* FULLY FURNISHED AND FULLY MANAGED

* DEVELOPER WITH PROVEN TRACK RECORD

HARLAND HOTEL

HOTEL ROOM BUY TO LET

THE OPPORTUNITY

10% NET income for 10 years and developer buyback exit strategy of 125% at year 10. In addition to this, landlords can take advantage of the no closing cost options. Including free recommended solicitors [t&c’s apply] and no stamp duty to pay.

RENTAL & MANAGEMENT OF UNIT

A leaseback arrangement is a financial transaction whereby a seller of an asset (the developer) leases back the same asset from the purchaser (you).

The operator, Giant Hospitality in this case, assumes all responsibilities for the day-to-day running of your unit and for all costs.

Unlike a traditional buy-to-let, you are not responsible for: monthly property management fees, property maintenance, refurbishment, or any tenant-related issues, including vacant periods that may result in a loss of earnings. This opportunity provides a hands off, hassle-free, income-generating asset.

TYPES OF UNITS

£55,000 – £100,000

Singles, Double, Double Suite, Family – Sea View and Rear Facing

INCOME

10% net income for 10 years

DEVELOPER BUY-BACK EXIT STRATEGY

125% YEAR 10 OR 137.5% YEAR 15

SOUGHT AFTER LOCATION

Sitting on the beautiful North Yorkshire coast, Scarborough is home to spectacular scenery, glorious beaches and an old-worldly seaside charm that has made it one of the UK’s most popular tourist destinations. Known as the Queen of the Yorkshire Coast, Scarborough is believed to be the world’s first seaside resort and holidaymakers have been flocking to its sandy shores for nearly 400 years.

CONTACT US

For a brochure, available units & floor plans and to discuss your requirements.

Belmont Road, Scarborough, North Yorkshire, YO11 2AA, United Kingdom

60,000 GBP

 

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