1 - Bed Houses for Sale in Blackpool, United Kingdom - £49,950
Blackpool, Lancashire, England, United Kingdom
Property ID: 28099190
|Bedrooms||1 - Bed|
|Bathrooms||1 - Bath|
St Camillus Care Group have purchased this fully operational hotel and will be implementing a rolling refurbishment starting in November 2017 and be completed in 8-12 weeks. Once completed the facility will provide 45 modern en-suite rooms. These rooms will be offered nationally throughout the UK and backed by Local Authorities and colleges to provide respite care to families who want to send their family member to Blackpool for a holiday. The hotel also has several functions areas and a working kitchen that will be modernised to provide the day care & training facilities for the occupants and local users, further supporting their families with their care and safeguarding.
The building will be refurbished to cater for the facilities needs of their residents, providing the highest standards and more importantly giving the feel of a home away from home. All rooms redecorated, New furniture installed, Installation of safety -features, New bathrooms, Facia facelift, Care friendly access installed & Bar & Function area remodelled for residence & day care functions.
Availability: 45 en-suite rooms
999 year leasehold
Yield: 10% net - 10 years
Additional Ownership Costs: None
Price per room: £;49,950
Assured Buy Back or Re-sale Option at end of year 5 at original investment price of £;49,950.
Assured Buy Back or Re-sale Option at end of year 10 with a 10% uplift on original price £;49,950 + £;4,995 = £;54,945
Reserve your unit now for just £;5,000
Your balance of first payment will be due within 28 days from receipt of reservation contract. Buyer’s solicitor will then be engaged. Financial return paid in arrears quarterly direct to your nominated bank account from completion of your room purchase.
Reserve your unit now for just £;5000 deposit
UK solicitors instructed and contracts issued
Payment of £;44,950 due at exchange of contracts 28 days after