Opis:

10% NET INCOME ASSURED FOR 10 YEARS

* 125% DEVELOPER BUYBACK AT YEAR 10

* NO STAMP DUTY TO PAY, UNITS FROM £55,000

* PERSONAL USAGE AVAILABLE FOR OWNER

* FULLY FURNISHED AND FULLY MANAGED

* DEVELOPER WITH PROVEN TRACK RECORD

THE OPPORTUNITY

10% NET income for 10 years and developer buyback exit strategy of 125% at year 10 or 137.5% on year 15. In addition to this, landlords can take advantage of the no closing cost options. Including free recommended solicitors [t&c's apply] and no stamp duty to pay. All owners also receive a personal usage option.

RENTAL & MANAGEMENT OF UNIT

A leaseback arrangement is a financial transaction whereby a seller of an asset (the developer) leases back the same asset from the purchaser (you).

The operator, Giant Hospitality in this case, assumes all responsibilities for the day-to-day running of your unit and for all costs.

Unlike a traditional buy-to-let, you are not responsible for: monthly property management fees, property maintenance, refurbishment, or any tenant-related issues, including vacant periods that may result in a loss of earnings. This opportunity provides a hands off, hassle-free, income-generating asset.

TYPES OF UNITS

£55,000 - £100,000

Singles, Double, Double Suite, Family - Sea View and Rear Facing

INCOME

10% net income for 10 years

EXIT STRATEGY

125% YEAR 10 OR 137.5% YEAR 15

PERSONAL USAGE

During refurbishment - 1 week pa

Post refurbishment - 2 weeks pa

KEY POINTS

- Fantastic location overlooking Woolacombe Beach voted UK?s best beach two years running by TripAdviser and Europe?s 4th best beach.

- Established resort

- Area extremely popular with surfers so strong year round demand.

- Atlantic Bay will be the largest most modern hotel in Woolacombe.

- Leisure facilities will be open to non residents.

- Circa 55% occupancy break-even. National average occupancy rates 71%

SOUGHT AFTER LOCATION

Woolacombe is a beautifully preserved Victorian coastal resort, with three miles of award winning beach and untainted Atlantic waters bookended by the craggy headlands of Morte Point and Baggy Point.

The North Devon Coast, an Area of Outstanding Natural Beauty in the West Country tourism honeypot, provides the stunning setting for this unspoilt seaside gem, whose huge appeal to surf seekers lends it a hipster edge that few resorts can boast.

EXAMPLE OF PAYMENT PLAN AND INCOME

Total Purchase Price: £55,000 - By Deduction Option

By purchasing with the By Deduction Option, you are able to offset your total capital outlay from £55,000 to £44,000 by offsetting £11,000 against your first years rental income. See below example

Income years 1-2 [£5,500 per annum]

Income is £11,000. Which is off set and deducted from completion balance.

In years 3-10 [£5,500 per annum]

You receive 10% of the purchase price (£55,000) giving you a fixed rental of £5,500 per annum.

Total income after 10 years

Fixed returns £55,000

minus 2 years deducted rental income at £11,000 [years 1 & 2] = £44,000 [years 3-10]

Buyback at year 10 = £68,750 (125%)

PAYMENT PLAN

- Reservation deposit

- 100% balance payment on completion MINUS reservation deposit and deduction option

CONTACT US

For a brochure, available units & floor plans and to discuss your requirements.

Beach Road, Woolacombe, Devon, EX34 7AB, United Kingdom

55,000 GBP