UK Beachfront Condo Hotel with Leaseback Option
Owners will receive a 10% NET return for 10 years
December 26, 2018
I have the inside track on a new property that’s just been put on the market and comes with an incredible leaseback option.
Two years ago, we offered an oceanfront, 40-unit condo hotel in Tenby, South Wales on Carmarthen Bay, and it quickly sold out. With high occupancy rates at the condo hotel, the developers have been waiting for an opportunity to buy an adjacent building and expand their operations.
Good news! They’ve just now secured that property, which will add a further 35 family and double hotel rooms. And that’s what I’m able to offer you today.
Carmarthen Bay Hotel Phase II
Following a major renovation, Carmarthen Bay Phase II will become a four-star quality gem in the UK hotel market, perfect for vacation home buyers and people interested in owning real estate that pays rental revenue.
Carmarthen Bay is located in the picturesque seaside city of Tenby, a hugely popular tourist destination and home to over two miles of beautiful sandy beaches. Many rooms boast stunning sea views and vistas over the picturesque bay. We expect these rooms will be the first to sell.
In the leaseback arrangement that is being offered, the operator assumes all responsibilities of the day-to-day running of the property and all its costs. Thus ownership in Carmarthen Bay Phase II will be a hands-off, hassle-free, income-generating asset that offers these key benefits:
- Owners will receive a 10% NET return for 10 years.
- Owners may sell the unit back to the developer from years 5-10 at a 2.5% per annum increase over their purchase price.
- Owners are permitted 2 weeks free usage each year.
- Owners can receive their first year’s 10% return up front and apply it to their purchase price, effectively reducing their cash outlay by 10%.
Carmarthen Bay Phase II comes on the heels of the proven success of Carmarthen Bay Phase I. It offers these features:
- Prime location with outstanding sea views
- Finished to a modern 4-star standard
- Outdoor heated swimming pool
- 50 seat restaurant
- Luxury spa
- Bar and lounge
- Private garden and path leading directly to the beach
- Beach has Blue Flag status and voted a Top 10 Beach in the UK
- 2 function rooms for weddings
- Conference rooms
- Located in famous fishing village, dating back to 13th century
All rooms will be finished with luxurious décor and high-quality furnishings. Full suites are priced from just £90,000 (approximately $114,505), while larger family-sized units are available for just slightly more at £115,000 (approximately $146,350).
Why You Should Move Quickly
If this property is of interest, contact me at my email address below. I can immediately send you a color brochure and inventory list.
With only 35 condo hotel units, the proven success of Carmarthen Bay Phase II, and a 10% leaseback program for 10 years, I expect this property to sell out even faster than Carmarthen Bay Phase I, which was only a few weeks.
I hope to hear from you soon!
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