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1 bed flat for sale

£85,000 (£494/sq. ft) Guide price

Waring Street, Belfast BT1

1 1 172 sq. ft*
Interested in this property? Call +44 330 098 9870 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 125 Year Lease
  • Quirky Interiors
  • Themed Rooms
  • Fantastic Location
  • Guaranteed Yield

Property description

This Hotel Room unit is situated on the Second Floor

The Waring is set to be transformed into a hotel with 64 units. Widely recognised as a fun and energetic the Hotel has quirky interiors, themed rooms and on site bar & restaurant. Located in the lively party district of Belfast, the Hotel will fit right in with the cities young, fun and vibrant surroundings with two stylish bars & restaurants located on the ground floor and rooftop space of the building, something which is particularly unique for the centre of Belfast. The suites will cater for a previously un-acknowledged type of customer, those is groups with suites sleeping anything from 2 to 16 guests, which focuses on ensuring guests have a memorable experience.

Hotel investments are low risk as they come with a guaranteed rental yield which makes calculating your returns simple. The rental yield you receive varies depending on the room you choose to invest in. All of our hotel room investments come with a guaranteed buy-back offer after year 3.

Hotel investment is an easy and stress-free way to invest. Simply invest in your chosen room and let us do all the work for you. From managing the room & wider hotel to marketing it and taking care of any maintenance issues, you simply collect the income. When you invest, the hotel room stays a part of the hotels stock which means it is treated as part of the wider venue which is taken care of by us.

The hotel industry is one of the fastest growing sectors in the world which means there is abundant opportunity to invest. Historically, it was very hard to invest in hotels as individual rooms were not designated for sale, this meant that you had to invest in a hotel investment fund which would ultimately take away control for the investor. As hotel room investment becomes increasingly available, it’s never been easier to be in control of your investment

Lease of 125 years, Ground Rent, Service Charge & Build Date to be confirmed.

Please contact us for more information.

Property info

Market activity
Average price paid Sales Current average value £178,694 (Zoopla Zed-Index) Value change £3,305 ▲ 1.88%

Property value data/graphs for BT1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached - - 5.0 -
Semi-detached £170,336 - 3.7 -
Terraced £108,066 - 3.1 -
Flats £178,752 £207 2.0 -

Current asking prices in BT1

Average: £103,684
Avg. current asking prices in BT1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £80,000
(1)
- £160,000
(1)
- -
Flats £102,886
(76)
- - - -
All £102,588
(77)
- £160,000
(1)
- -

Current asking rents in BT1

Avg. current asking prices in BT1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats - - - - -
All - - - - -

Fun facts for BT1

Highest value in BT1
Highest value streets Zed-Index
Laganbank Road £180,923

Nearby transport

  • George Best Belfast City Airport (2.6 miles)
  • Belfast International Airport (12.2 miles)
  • City of Derry Airport (57.9 miles)
  • Stranraer Ferry Terminal (42.0 miles)
  • Cairnryan Ferry Terminal (44.4 miles)
  • Campbeltown Ferry Terminal (58.5 miles)

Nearby schools

  • Portpatrick School (36.6 miles)
  • Leswalt School (40.3 miles)
  • Sandhead School (41.2 miles)
  • Stranraer Academy (42.5 miles)
  • Campbeltown Grammar School (58.0 miles)
  • Girvan Academy (61.4 miles)
  • Invergarven School (61.4 miles)
  • Craigpark School (78.2 miles)
  • South Park School (78.2 miles)
Note: Distances are straight line measurements

AskMe Q&A for BT1

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Housesimple, CO10 on +44 330 098 9870 * (local rate)

Monthly running costs Beta

£305 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,500
Repayment term 25
Interest rate 1.5
Your payment £305 /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 Housesimple, and do not constitute property particulars. Please contact Housesimple 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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