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Studio flat for sale

Hotel 52 - South Parade, Whitley Bay, Tyne and Wear, NE26

£80,000

Property Description

Key features

  • 110% buyback in years 5-10
  • Fully furnished suites from 75,000
  • Room rates from 40 to 145
  • 8% NET return years 1-5, 9% NET years 6-10 (paid quarterly)
  • Boutique 32 room hotel
  • Refurbished and operational hotel
  • 2 on site restaurants
  • Client booking rates from 40 to 145
  • 70% repeat customers
  • Majority of bookings are repeat from Expedia and booking.com

Full description

Tenure: Leasehold

Hotel 52, a newly refurbished 32 bedroom hotel minutes from the stunning North East coastline.

Hotel 52 is an exclusive 32 bedroom hotel located in an excellent position in Whitley Bay, with just a short walk to the town centre and award-winning beaches at the end of the road.

Each room in the hotel has been refurbished to a higher than average standard, offering en-suite facilities and extremely comfortable beds. With options of single, double/twin, triple and family rooms, there are possibilities for every party size.

In the comfortable lounge area there is a large flat screen TV, showing popular sporting events (via BT Sport) and free Wi-Fi is available for the duration of your stay.

Hotel 52 is the perfect choice for a family holiday, couple getaway or business break.


Listing History

Added on Rightmove:
28 November 2017

Map & Street View

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