Opis:

Room36 Aparthotel, Purchase Details

Room36 will be a purpose built aparthotel in a fantastic location in the heart of the city of Bradford. Built as part of the final phase of an ongoing 20 year development this purpose-built property signifies an alternative buy-to-let opportunity in the heart of Bradford's \"Learning Quarter\" which encompasses the University and College Campuses.

Comprising just 7 executive suites and 28 studio apartments, the aparthotel faces significant demand from lecturers, student families and wider tourism, due to its convenient location and it's proximity to a 247 unit student residence and retail court. Uniquely positioned, Room36 is the only purpose built aparthotel serving the campus, accessible to public transport routes and retail outlets, thereby ensuring the operational sustainability and long-term capital appreciation of the building.

Room36's combination of design, facilities and location meets a requested need in the Learning Quarter's development.

Room36 Aparthotel offers two purchase options - studio and one bedroom apartments. Each room offers generous space, complete with en suite facilties, modern, living furnishings and kitchen fixtures - resulting in the luxury of a hotel, with all the comforts of a private apartment.

Studio bedrooms are available to purchase from £55,000 and one bedroom apartments available from £65,000. You can offset your total capital outlay to just £35,000 for a studio apartment and £40,000 for a one bedroom apartment by utilising the guaranteed developer funding option.

In years 1 - 3 you receive 10% returns based on the cash input value, which is drawn down to service the defferred amount. In years 4 - 10, you receive 10% returns based on the full purchase price of the property. Of which 1/7th of the developer funding is then drawn down per annum to service the deferred amount and the balance is paid to you annually in arrears.Unique Leaseback Opportunity

Unlike a traditional buy-to-let, the properties at Room36 Aparthotel are available to purchase via a unique leaseback arrangement, meaning the operator assumes all responsibility for the day-to-day running and costs of your unit. As a result of this, you are not responsible for any monthly property management fees, property maintenance, refurbishment or tenant related issues that may result in a loss of earnings.

After the leaseback period ends (10 years) your apartment is completely unencumbered and investors may continue to benefit from returns based on the aparthotel's operation, or alternatively the rooms may be sold on the open market. Defined Exit Strategies

As with any purchase, you should be aware of any exit strategies. Through this unique structure, there are a number of exit strategies available to you. At the end of the 10-year term, an assured buy back will be initiated whereby we will purchase the unit back from you at 125% of the full purchase price. You have the option to sell your unit on the open market at any given point providing all outstanding developer-deferred payment is cleared at the point of sale. Should the developer initiate the freehold sale of the facility to an external operator at any point from your exchange process, you will receive your full buy-back 125% fixed agreement.

This means you own a completely hands-off, hassle-free, income-generating asset.