The Harland Hotel sits majestically above the cliffs on the beautiful North Yorkshire coast overlooking the popular resort of Scarborough.
This generous second floor family room is available for investment, with an affordable purchase price & significant rental yields. Investors receive assured returns of 10% NET in years 1 - 10 on full cash inputs. Investments are completely hands-off and require no ongoing management or maintenance costs. Investors also receive an assured buy-back opportunity from years 10-15, providing an impressive ROI.
With a long and proud history of delivering excellent hospitality to holidaymakers since it was built in 1854, the new-look Harland Hotel will further enhance its reputation as the perfect base for those looking to unwind and explore all that this rugged and exciting part of the world has to offer.
Offering fantastic views over the bay this large, comfortable hotel, richly decorated and with unique charm and character, the Harland Hotel is an imposing site along the Scarborough esplanade. Behind the old-fashioned warm welcome The Harland offers, you will find all the advantages of a modern hotel: comfortable, well-planned, with excellent facilities for all age groups and a light and airy contemporary feel.
With 74 en-suite rooms, many enjoying breath-taking views across South Bay, this imposing hotel will shortly undergo a rolling schedule of renovation over a three year period that will be sympathetic to the architectural beauty of the building. The sensitive refurbishment will maintain the look and feel of the hotel, respecting its heritage. Additions will include its own up-market coffee house, spacious restaurant and relaxing bar area. In addition the hotel's existing function rooms will be updated to complement the grandeur of this impressive building.
Delivered by a proven developer, the Harland Hotel will offer luxurious accommodation and will be fully managed by an experienced hotel operator; ensuring investors needn't lift a finger to earn their returns. The developers have an excellent track record of delivering this type of development, having already completed a number of similar properties across the UK. As such, demand for The Harland Hotel is high and reserving a unit as soon as possible is recommended.
Single, double/twin, family bedrooms and suites will be converted into well-equipped and welcoming rooms with a fresh and elegant style designed to give the modern family all they need.