The Royal Hotel
13-17 East Parade, Whitley Bay, Newcastle, NE26 1AP
10% NET yield assured for 5 years (5 or 10 YEAR BUY BACK SCENARIO)
(Fixed rental returns starts from the day you complete the purchase)
Situated on the seafront of Whitley Bay, minutes from the town centre and main attractions. The hotel comprises of 45 bedrooms with spectacular views over the beach and St Marys Lighthouse. Currently within the hotel there is a function room, 2 bars, a restaurant, 2 verandas and parking facilities.
A fully owned & operational hotel in the centre of Whitley Bay, will offer accommodation to the growing tourism trade as well as training facilities for young autistic adults and accommodate family & friends. An investment entry level of £65,000, the opportunity here is to earn a total ROI of 120% 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 top open market or contractually sell back to the hotel at year 5 or 10.
No. OF UNITS: 45 en-suite rooms
UNIT PRICE: £65,000
OWNERSHIP: 999 year leasehold property title
YIELD: 10% net contractually assured (£6,500 per year)
YIELD PAYMENT: Quarterly in arrears
ADDITIONAL OWNERSHIP COST: None
1. HOTEL BUYBACK OPTION - YEAR 5 AT 110% = £71,500
2. HOTEL BUYBACK OPTION - YEAR 10 AT 120% = £78,000
3. SELL ON THE OPEN MARKET AT ANY TIME
Projected Cash Return
YEAR 5 EXIT - 60% - £71,500 (£39,000 PROFIT)
YEAR 10 EXIT - 120% - £143,000 (£78,000 PROFIT)
THE ROYAL HOTEL WHITLEY BAY
New dining area
Refurbished & modernised kitchen
Exterior renovation & redecoration
Install of safety features
New bar & function areas
The rooms will be fully refurbished to offer a boutique & luxurious feel within close proximity to the beach and sea. This includes, full redecoration of the rooms, new fixtures & fittings & 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 St Camillus offer the rooms to college supported students to come up and stay, train and work at the hotel during the week to help them gain essential experience and potentially lead to future work opportunities. The hotel refurbishment will also see the addition of a spa facility, a rum distillery and a specialist sensory room installed for autism. Outside there will be 2 verandas refursbished with outdoor seating over looking the spectacular view across the sea.
DINING & EVENTS
WORK TO BE CARRIED OUT:
GROUND FLOOR : A refurbished reception area, an updated modern dining & cocktail bar for guests to relax in, this area is also available
for private hire/functions.
FIRST FLOOR : This area will see an updated guest breakfast dining area
THE HOTELS LOCATION WAS SOURCED FOR ITS FANTASTIC SEAFRONT POSITION & A SHORT WALK TO THE TOWN CENTRE AND TO SPANISH CITY
Each year the town hosts multiple events such as the Whitley Bay Carnival, the Classic Car Show, a variety of food & drink festivals, music festivals, sporting events and firework displays, just to name a few. These events attract tens of thousands of people to The Links and Spanish City Plaza. St Marys Lighthouse which can be seen from the hotel is approximately 2 miles away and is one of the borough’s main attractions.
Town Centre 0.4 mi
The Dome / Spanish City 0.2 mi
St Mary’s Lighthouse 2.2 mi
Cullercoats Beach 0.9 mi
Tynemouth 2.6 mi
A 36 million regeneration of Whitley Bay is already under way. North Tyneside welcomed over 6 millions visitors in 2018. The multi million regeneration plan is changing the face of Whitley Bay.
Spanish City Dome - Winners of UK Project of the Year in Tourism & Leisure 2019 – Royal Institution of Chartered Surveyors, Excellence in Planning for Heritage and Culture – Royal Town Planning Institute, Excellence in Planning for a Successful Economy – Royal Town Planning Institute, Refit/Refurbishment of the Year – North East Property Awards 2019, Architectural Excellence – Royal Institute of British Architects North East.