FAPO_UK_051 - Bradford, Yorkshire - Prices from £89,950
UK Hotel investment offering 10% return pa for first three years
Located in Bradford City Centre, The four star Woolston Hotel will offer the ultimate in city centre luxury to the Bradford market. Arranged over 6 floors, The Woolston is being developed alongside the stylish warehouse mill conversion, Woolston Warehouses and will be at the heart of Bradford's economic regeneration programme.
The Woolston Hotel will have 145 rooms, including executive Penthouse rooms and unprecented leisure facilities not yet seen in a Bradford hotel.
A range of room types will offer a choice of luxury accommodation and features will include wet bars, work stations, multimedia facilities and luxury bathroom suites. Some of the executive rooms will also have terracing and balconies with views over the city. The hotel will also have 3 high spec multimedia meeting rooms. The perfect package for both business and leisure use, to welcome the increasing number of visitors to Bradford.
Upon completion in 2010, room rates are expected to be in the region of £100 per night for the double rooms and £150 for the executive rooms. Current forecasts anticipate that in year 4, the net annual rental return will be 11% and by year 10 increasing to 19%, giving a figure of £17,384.
Bradford currently has a notable lack of hotels. The English Tourism website lists only 12 hotels within 3 miles of Bradford. If Bradford is going to try and match neighbouring Leeds terms of economy, leisure and tourism, there is a real need for quality, city centre hotel provision. The Woolston Hotel will fulfill this demand. It will be the only hotel with a gym, swimming pool and meeting facilities and will be complete in time to be 'ahead of the game' in terms of provision for Bradford's future. Managed by a major-name hotel operator, The Woolston will provide true four star accommodation and facilites and will undoubtedly earn its place as part of a city set for serious future growth.
Prime City Centre Location
3 year 10% guaranteed rental return - 50% of room income thereafter
Hotel to be managed by major operator
One of the only sectors to thrive during the recession
Luxury 4 star facilities
SIPP compliable
Prices from just £89,950
Facilities:
State-of-the art gym
Swimming pool and spa
Restaurants
Bars including plus a panoramic “Cognac Bar” located on the penthouse level.
High-spec multimedia meeting rooms
Ideal for both business and leisure use
What to do in the Bradford Area:
Bradford is home to the Alhambra theatre which attracts many excellent shows, the National Media Museum, restaurants, cinemas, shopping centres, and not forgetting a number of fantastic curry houses and asian restaurants. Within an easy drive are the famous Bronte village of Haworth and world heritage site of Saltaire.
Bradford city centre has excellent road and rail links and is only 9 miles from Leeds Bradford Airport.
Why Bradford?:
Bradford has a long history of economic strength, dating back many years to its heyday as the wool and textiles capital of the world. Even before the recent regeneration began, Bradford was the choice location for many major businesses. Well positioned geographically, with excellent existing transport links and exciting new ones planned, such as a direct rail link to London, the city is an ideal incubator for commercial success.
Currently worth around £7 billion, Bradford's economy is the third largest in the region.
The district is forecast to have the fastest rate of economic growth in West Yorkshire over the next ten years with a projected 50,000 increase in the number of local jobs.
“Bradford is to see faster employment growth than the UK or the wider region.”
Knight Frank Bradford city centre market activity report – 2008
Alongside these commercial and economic strengths, Bradford has long been a centre of tourism and culture. Annual events and festivals attract massive numbers of visitors and generate millions of pounds worth of economic activity in the city.
New shopping centres, residential and commercial developments are included in the £2bn regeneration vision, which are all set to help put Bradford back on the map.
Pricing:
Prices from £89,950
Payment terms:
Day 1 Reservation Fee £2,500 - This fee is refundable should planning permission not be approved
20% + VAT and exchange of contracts due 28 days from final planning being granted
80% balance upon completion (due Q4 2010)
| Investment Details and Return |
| Room Type | Investment Return | Price |
| Double Room | 10% for 3 years (thereafter 50% of room income) | £89,950 |
| Double Room Plus | 10% for 3 years (thereafter 50% of room income) | £99,950 |
| Executive Room | 10% for 3 years (thereafter 50% of room income) | £149,950 |