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Property for Sale, City of London, UK - 204,031 €

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Key information

Address
City of London, UK
Date
17th of February 12:09

About the property

We are delighted to offer this exceptional hotel investment in Wembley. The rooms are offered to the investor at substantially below the recent RICS Valuation and reward the investor with a share of the profit accumulated from all areas of the hotel operations, based on the room type and usage, including the restaurant, conferencing facilities, food and beverage.Purchasers are able to reserve a room for just £5000, and can take advantage of the non status finance offered by the developer at approx. 60% LTV.  This hotel rooms in the Park Inn Wembley are projected to produce returns from 9% to just under 12% and investors can have confidence that the rooms will be looked after by Europe's largest mid market hotel operator, maximisimg income and occupancy. This hotel can meet the demand from the normal business sector during the week but has the added benefit of the the demand generated by the range of sport and leisure events at the weekends held at Wembley Stadium and Arena. These include major music concerts , sporting events such as the FA Cup , a number of the events for the Olympics Games are also being held at WembleyThis Olympic Way hotel in  Wembley will be a truly"hands off Investment", with this stunning hotel completed to a 4* standard and under the branding of a major hotel company. The hotel company will be branded "Park Inn by Radisson" and will be under the umbrella of the the  larger  Hotel Group Rezidor, that includes other excellent well known  hotel brands such as Radisson Blu and Hotel Missoni . The Rezidor group is one of the world's fastest growing hotel companies, with 401 hotels in  62 countries across the world and is supported by 8 call centres taking toll free calls from 55 countries in 18 languages.The rooms can be purchased, similar to an apartment, on a leasehold basis, with a lease of 199 years. We understand that the investment will be SIPP positive, although approval is required by individual SIPP providers. The VAT for the purchase will also be paid for the investor, saving the investor an additional capital outlay of £28,000. Whilst construction has started on the development, investors in this exciting hotel investment can have peace of mind that their deposits will be insured.The hotel fronts on to Olympic Way, the main arterial route to Wembley Stadium. Situated close to both the stadium, arena and the town centre, the project is in a fast developing area just 4 miles north west of central London and is well served by London Underground and the road network. This stunning hotel will be set over 10 storeys and offer a total of 237 rooms, complimented by a restaurant, bar and meeting facilities, in addition to a number of parking spaces. It will form part of an exciting new development that will include some residential apartments and a mini shopping centre.Availability on this project is strictly limited; recent releases have sold out promptly so we would strongly recommend investors act quickly to take advantage of exceptional opportunity.

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Ref: HS5621844

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