Century 21 Salford are delighted to offer for sale this rare opportunity to generate a secure 5-year fixed return via the purchase of a hotel room asset at Park City in Manchester. 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 quarterly in arrears as a net figure, no additional costs or fees shall be placed on the leaseholders.Previously known as the City Park hotel is now under a complete refurbishment by trusted developers who within the last 10 years have become worked on many projects from residential, hotel and commercial, it continues to create landmarks in desirable locations while maintaining its mission to deliver quality and sustainable investment products for its clients. The hotel is situated a few minutes drive to the Manchester Victoria station and a few minutes drive from the Etihad Stadium. The hotel boasts of a large garden area and a shared lounge. All guest rooms are fitted with a TV and refurbished to a very high standard.Hotel room investments are one of the newest and hottest products on the global property market. Part commercial property investment, part residential property investment, hotel room investment is one of the fastest growing forms of investment. Investment highlights:- 8% net rental return per annum - Income paid quarterly - Hands off investment - Successful branded business with established customer base - Refurbished rooms Am I buying a Freehold or Leasehold? You are buying a 250 year leasehold, with the room being registered in your name at the UK Land Registry.What are my returns?All units receive the same level of return which is equal to 8% of the purchase price. Is there a due diligence pack available? Yes, a full due diligence pack will be made available upon reservation which includes details on the purchase contracts, management agreement and land registry title.
1 bd Manchester