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1 bed flat for sale

£80,000

Bedford Street, Belfast BT2

1 1
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Property description



Reeds Rains Estate Agents are delighted to be have been instructed and to present to the open market this unique opportunity within Northern Ireland to purchase an exclusive hotel investment opportunity within this iconic Grade B One listed building.

The hotel itself will comprise 83 fully furnished luxury rooms all themed around one of the city s most iconic figures, the legendary George Best .

Managed and operated by The Signature Living Group, the hotel will be yet another under the management of the UK s most successful hotel operators.

George Best hotel is situated just minutes from Belfast most popular entertainment, cultural and retail destinations. This exciting investment opportunity has already proved to be extremely popular. Now available for booking and with a number of units already sold we would strongly encourage early consideration to avoid further disappointment.

The George Best Hotel is a new football themed hotel situated in the heart of Belfast City Centre. This outstanding opportunity offers a limited supply of luxury hotel rooms with guaranteed returns ranging from 8-10% per year for 10 years with a buy back option for added peace of mind at 112%.

The George Best Hotel is a hassle free and fully managed investment.

The George Best Hotel

Nested on the juntion of Donegall Square and Bedford Street, The George Best Hotel is set to be nothing short of remarkable. This grandiose hotel is in a prime city centre location overlooking Belfast City Hall and will pay tribute to one of the greatest footballers of our time. Originally named the Scottish Temperance Building before later changing to the Scottish Mutual Assurance Society Building, this beautiful Grade B1 listed building will become the focal point of the centre of Belfast.

Built by Henry Seaver and completed in 1904. The redevelopment will incorporate and preserve much of the buildings history whilst aligning it with Signature Living s unique vision and guest experience. Having previously served as offices, this building will be transformed into a luxury footall-themed hotel featuring premium amenities, a stunning wedding and events space, a museum dedicated to the legacy of George Best, plus a stylish bar and restaurant. The classic Baronial style architecture will retain many of its original features across all six floors, making it the perfect heritage redevelopment for Signature Living.

Buying Process

Our dedicated team of advisors are experts in planning he best strategy for you to achieve your investment goals. From the initial enquiry through to completion, our consultants will work closely with you to make the buying process as easy as possible.

We are known for developing a number of extremely success schemes over the years and therefore expect this project to be in high demand.

We advise any interested parties to get in touch with our advisors as soon as possible to avoid disappointment.

Backed by an experienced team and a history of successful projects, our purchase process is clear and transparent.

Our advisors are on-call to take you through each step of the way.

About Signature

The Signature Living Group has developed some of the most successful large-scale property schemes in the North West over the past few years. Our company operates over 1000 beds in Liverpool in particular, comprising of both hotel rooms and serviced apartments. By offering a unique proposition for larger groups of guests, our hotels have an average occupancy rate of 95%, far higher than the local average of 73%. Each development features unique leisure facilities, increasing their popularity across a broad range of people. We have now moved into residential apartments and this is their first large scale scheme in Manchester due for completion in Q4 2017.

Following completion of our highly successful Daniel House scheme, comprising 170 apartments, in June 2016 the group also has several other large apartment projects that are on site, most of which have been completely forward sold as investors seek to align themselves with our unique brand that takes a different approach to the residential market adding seek to align themselves with our unique brand that takes a different approach to the residential market adding value for developer and investor alike.

Key Features

Exclusive Hotel Investment Opportunity within a Grade B One Listed Building
Signature Living Group, Award Winning and Successful Hotel Operator
Developer Buy Back After Three Years (Optional)
Luxury Hotel Consisting of 83 Fully Furnished and Luxury Rooms
Hassle Free and Fully Managed Guarantee Returns, 24 hr Concierge and Security
Located in the Heart of Belfast City Centre
Belfast will be Doubling its Value of Tourism to £870,000,000 by 2020
Belfast to Deliver Hotel Room Shortfall of 3,750 by 2020
Return for investors

8% net assured returns years one to three

9% net assured return year four

10% net assured returns year s five to ten

106% guaranteed buy back rising 2% per year from year three but capped at 112%.

(Year three 106%, year four 108%, year five 110%, year six to ten 112%).

Important note to purchasers:

We endeavour to make our sales particulars accurate and reliable, however, 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 fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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Property info

Market activity
Average price paid Sales Current average value £162,186 (Zoopla Zed-Index) Value change £3,000 ▲ 1.89%

Property value data/graphs for BT2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached - - - -
Semi-detached - - - -
Terraced £169,107 - 2.9 -
Flats £152,391 £218 2.0 -

Current asking prices in BT2

Average: £104,907
Avg. current asking prices in BT2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £95,600
(2)
- - - -
Flats £105,471
(33)
- - - -
All £104,907
(35)
- - - -

Current asking rents in BT2

Avg. current asking prices in BT2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats - - - - -
All - - - - -

Nearby transport

  • George Best Belfast City Airport (2.9 miles)
  • Belfast International Airport (12.2 miles)
  • City of Derry Airport (58.0 miles)
  • Stranraer Ferry Terminal (42.3 miles)
  • Cairnryan Ferry Terminal (44.7 miles)
  • Campbeltown Ferry Terminal (58.9 miles)

Nearby schools

  • Portpatrick School (36.9 miles)
  • Leswalt School (40.6 miles)
  • Sandhead School (41.5 miles)
  • Stranraer Academy (42.8 miles)
  • Campbeltown Grammar School (58.4 miles)
  • Girvan Academy (61.8 miles)
  • Invergarven School (61.8 miles)
  • Craigpark School (78.6 miles)
  • South Park School (78.6 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Reeds Rains, BT4 on +44 330 098 9461 * (local rate)

Monthly running costs Beta

£287 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,000
Repayment term 25
Interest rate 1.5
Your payment £287 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Reeds Rains, and do not constitute property particulars. Please contact Reeds Rains for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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