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179 272 €

Investment project in Norwich, United Kingdom, 40 sq.m
  • Investment project in Norwich, United Kingdom, 40 sq.m - picture 1
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  • Investment project in Norwich, United Kingdom, 40 sq.m - picture 1
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  • Investment project in Norwich, United Kingdom, 40 sq.m - picture 14
  • Property ID on Prian.info: 3681427
    Last update: 18.03.2024
    Number of views: 5061

179 272 €

Investment project in Norwich, United Kingdom, 40 sq.m

40 sq.m 8% per year
Remote Transaction Business on sale

  • Property ID on Prian.info: 3681427
    Last update: 18.03.2024
    Number of views: 5061

Specifications

Sale price 179 272 €
Price per square meter 4 269.51 €
Floor area 40 sq.m
Construction phase New building
Address United Kingdom, Norwich, Norfolk

Business on sale


Additional services

  • Property management company
  • Opportunity of a remote transaction

Finance

Profitability
Annual return 8 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Business expenses
Not included in the price

Description

Cottages on the territory of country hotels are rented for short-term on Booking & Airbnb to the British.

Commercial terms of investment:

  • Prices:
  • £150,000 for a 40 sq.m cottage with 2 bedrooms, terrace and sauna;
  • £160,000-165,000 for cottages on the first line of the lake with 2 bedrooms of 38 sq.m + terrace with Jacuzzi and sauna;
  • £180,000 for a 2-bedroom cottage of 44 sq.m + terrace with Jacuzzi and sauna.
  • Fixed yield of 8% per annum for 10 years with inflation indexation
  • Cottages are ready, income immediately with quarterly payments
  • Repurchase options after 3, 4, 5, 7 or 10 years with a price increase of 1-3% per year or sale on the secondary market
  • Personal use 2 weeks a year (you can stay in any cottage in the network)
  • All repair and insurance costs are borne by the Management Company

The country hotel was built and operates, acquired by the developer at the end of 2021 and is in the active phase of renovation and creation of additional infrastructure.

The developer is completely updating the cottages and adding new infrastructure - a swimming pool, gym, cinema, food court, tennis court, playground, walking paths.

There are 5 fishing lakes, a restaurant and a bar on the territory of 2.5 hectares.

The flagship hotel of the chain is the closest available hotel to London - 1.5 hours drive away. Close to the golf club and within a half-hour drive to numerous historical sites and medieval towns.

Management of a large operator, on the market since 1978, under the management of more than 25,000 facilities.

Payment from the Russian Federation through a Dubai company is available with minimal compliance, including in rubles.


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Representative

Julia Tsorgaeva
Senior Consultant, International Investment Department
Languages: english
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Seller
Julia Tsorgaeva Senior Consultant, International Investment Department

Intermark Global

Languages: english
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