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£85,000 (€96,999)

Apartment For Sale
1 Bedroom, 1 Bathroom, Apartment For Sale

Contact Name: Johnathan Jordan
Phone: 01 5137542

Agent: Online Estate Agent.ie

PSR Licence Number: 003808

Location

Property Description

The Waring Hotel, Belfast Investment Highlights

The Waring is set to be transformed into a hotel with 64 units which will take on the highly successful and recognised Signature Living Hotel branding. Widely recognised as a fun and energetic aspect of the groups ventures, the Signature Living Hotel will follow the same footprint as the original hotel in Liverpool with quirky interiors, themed rooms and onsite bar & restaurant.

The UK Hotel market 2017

Located in the lively party district of Belfast, the Signature Living Hotel will fit right in with the cities young, fun and vibrant surroundings with two stylish bars & restaurantsWidely recognised as a fun and energetic aspect of the groups ventures, the Signature Living Hotel will follow the same footprint as the original hotel in Liverpool with quirky interiors, themed rooms and onsite barFully managed by Signature Living, the leading luxury group accommodation provider

The UK Hotel Market

The hotel sector in the UK continues to see demand outpace supply growth but supply growth is also on the rise. In 2017, there is expected to be an additional 20,000 rooms added to the UK\'s hotel offering which is an increase on 2016 where 16,000 hotel rooms were added. Therefore, overall hotel capacity is set to expand by 12,000 per region this year, resulting in a 2.4% net rise, one of the highest growth rates since 2008.

The UK Regional Market

For 2017/18, the UK regions are predicted to see RevPAR growth of 3% to £54, which is driven by an improving ADR to £71, the highest in nominal terms. In terms of occupancy, this is expected to remain high at 76% but growth will experience a standstill both in 2017 (0.1%) and 2018 (0.2%). RevPAR is further expected to decrease to 1.7% next year with ARD improving by 1.5%, taking rates to £72.

Key Facts

64 units
Prices from £85,000
Luxury hotel
Assured return on investment of 7% during years 1-3, year 4 is 8% and year 5 onwards is 9%
Developer to buyback the units at 106% of the purchase price from year 3 with a 2% increase capped at 116% on year 6 -10 of the investment
Hands off Investment
Award winning Hotel operator and developer

Location Highlights

12 min walk to Castle Court A busy shopping centre in the city that has an estimate of 16 million visits per year
15 min walk to train station
8 min walk to Belfast City Hall

This property was last updated: 37 days ago

Selling Agent

Online Estate Agent.ie
24 Baggot Street Lower Dublin 2

Contact Name: Johnathan Jordan

Phone: 01 5137542

PSR Licence Number: 003808

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