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1 bedroom hotel for sale

Narrowcliff, Newquay, TR7

From £59,995

Property Description

Key features

  • Investment Opportunity Not To Be Missed
  • Purchase Individual Hotel Units In Premier Coastal Town
  • 9% Per Annum Guaranteed Return For 3 Years
  • Fully Managed
  • Reserve For Only £2500
  • Completion Spring 2017

Full description

Tenure: Leasehold

The Llawnroc Newquay hotel offers investors the opportunity to purchase individual hotel units that will not only provide the security of property ownership, but will also provide an income generating asset from day one. The management company will take responsibility for the day-to-day running of the hotel and each room, making this a completely hassle-free, passive investment.
Located in one of the premier tourist towns in the South West
9% per annum guaranteed return for 3 years
Income generating from day one
Property ownership - 195 year Leasehold
Fixed management arrangement from year 4 to year 10
Guaranteed exit strategy at 105% of the purchase price from the end of year 5
Guaranteed exit strategy at 110% of the purchase price from the end of year 10
Fully managed properties
Reserve for only £2,500 - Exchange and Complete straight away
Finance options available

The Llawnroc Newquay hotel is situated in a prime seafront position on the well-known Narrowcliff promenade and will be operational from Spring 2017 after undergoing a major renovation and refurbishment. The transformation starting in Q2 2016 will fully modernise the hotel externally and internally:
82 ensuite bedrooms/suites: single, double/twin, triple and family - with a limited number offering a balcony
Modern and high quality furniture, fixtures and fittings.

New facilities will include:
Gymnasium and Fitness Suite
Indoor and Outdoor Swimming Pool
Jacuzzi and Steam Room
Treatment Rooms
Lounge Areas, Bar and Restaurant
Ground floor facilities offer panoramic views of the Cornish coastline
Within walking distance of the town's beaches, harbour, shops and amenities

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