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65 ensuite hotel rooms

Unit price of £49,950

Cash investment - Guaranteed Returns

Yield 10% net contractually assured

Undergoing full refurbishment

New dining, bar and function areas

Located on the front line of Blackpool Promenade

80% of top attractions within 800 meters of hotel

Assured buy back options at year 5 @ 100% and year 10 @ 110%

No On-going Costs. Completely Hand Offs Investment

This fully operational hotel in the centre of Blackpool that will offer accommodation & training facilities for young autistic adults and accommodate family, friends and tourist visitors throughout the year. With an entry level invest of £49,950, the opportunity here is to earn a total ROI of 110% over 10 years, while making a socially responsible and ethical investment. Investors receive immediate, quarterly income with no ongoing costs. Secured exits are offered to sell at any time on the open market or sell
back to the developer at year 5, or at year 10 and receive an additional 10% uplift.

The National Autistic Society estimates that 700,000 adults in the UK have autism, of which 53% are aged between 16-35 years old. The majority receive primary care and support from their families, so it directly affects over 1.1 million people across the UK.

If brief the way this investment would work is that you would be purchasing the room of this hotel, in which you would own the title deed which would be lodged at the Land Registry. It is then leased back to the developer for it to operate the room as a Hotel Room, meaning the developer would be responsible for occupation, maintenance, services costs, ground rent and many other hassles that can come when be being a landlord. This completely hands off investments provides you with simply 10% Guaranteed Returns for either 5 or 10 years.

Purchasing Process:
* Complete the reservation form and reserve your unit for just £5,000 (non-refundable)
* Instruct a solicitor
* Solicitor will report back to you and send you contracts to sign
* Final payment of £44,950 due at exchange of contracts within 28 days from reservation
* Your leasehold title is registered with HMRC Land Registry
* Provide your nominated bank account details to set up rental payments
* Your first quarterly payment will be made pro rata up to the next quarterly date and then every 3 months for the duration of your investment.

The demand for locations that offer supported accommodation for this age group, with experienced on-site care and support, is already in huge demand, but still massively under supplied.
The developer is acquiring the hotel as a fully operational hotel and is going to carry on with booking commitments in place as a budget 2-star hotel with prominent sea views.

The developer will be implementing a full, rolling refurbishment with an aim to get as much in place before the summer season 2018, and complete the remaining work in the low season from January 2019. The hotel will not close for business to maintain an income for their investors and keep up with the demand.
Once completed it will provide 65 modern en-suite rooms at a 3/4-star level of accommodation increasing room rates by at least 50%. La Tour, their current 2-star hotel in Blackpool, achieves £50-£120 per night, and once fully refurbished will become 3-star hotel.
The hotel also has several function & dining areas and a working kitchen that will be modernised to offer training facilities for the occupants and local users, further supporting their stay.
The building will be refurbished to cater for the needs of their guests and growing tourist trade, offering the highest standard under a recognised brand in Blackpool and more importantly, creating a home away from home for their clients.

The rooms will be fully refurbished to offer a boutique & luxurious feel within close-proximity to the beach and sea. The rooms will be fully redecorated, newly furnished & new bathrooms installed.
All rooms will be marketed to the public and become a leading autism friendly hotel in the area. To keep occupancy levels high all year they will offer the rooms to college supported students to come to stay, train and work at the hotel to help them gain essential experience and potentially lead to future opportunities.
The hotel has 3 separate function areas:
Lower ground floor - This area is planned to be open to the general-public as a diner/event space. Ground floor - A bright dining area for staying guests with a homely feel.
First floor - This area will be for private hire events, student training and business meetings.
The ground floor kitchen will also provide additional training and employment to the students.

Location
The hotel's location was sourced for it's fantastic position on the front line of the promenade with unspoilt sea views and metres from the centre of Blackpool and all the attractions the city has to offer. Blackpool attracted over 17 million visitors in 2016 and is projected to increase year on year, creating substantial investment.
The start of 2018 sees Blackpool on the cusp of reaching the next stage of regeneration. Hundreds of new homes are set to be built in the town, whilst investment in hotels and leisure facilities is also in the pipeline. Work is already underway on more than £30m of new public buildings.
Between September and November Blackpool Illuminations sees this seaside city buzzing with excitement from 3.5 million tourists each year. At 10 kilometres long and using over one million bulbs the lights are an awesome spectacle.
Blackpool Council has approved plans to buy a prominent building to make room for the new North Tram Terminal.
Building work on the £22m project is set to begin in 2018 and will see the development of an extended tram line travelling up Talbot Road from the Promenade stopping right in front of the hotel, and a tram stop at Talbot Square connecting to the main North Station.
Blackpool has also started work on a new conference centre and hotel which will give the resort a chance to bring back the major events it has missed out on in recent years.
The massive development will include a new hotel and allow the Winter Gardens to host up to 7,000 delegates putting it back in the big league with potential to see the return of major political conferences.

Important Notice to Purchasers:
* We endeavour to make our sales fair, accurate and reliable but these are only a general guide and they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or facts. We do not guarantee or test any services, systems or appliances listed in the specification as to their operating or efficiency ability, we therefore strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase. All measurements that are stated are only intended as guidance only and are not precise, you should therefore verify the dimensions carefully before ordering any built-in furniture, carpets or laminates.
* Intending purchasers please note that you will be asked to produce some identification documentation at a later stage as part of the anti-money laundering regulations, we therefore please ask for your co-operation in this matter so that there will be no delays in agreeing a sale for the property.
* These are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these should be independently verified by prospective buyers. Neither Red Rooves Limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured against it.

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.