10 Year Rental Guarantee.
Minimum Return Of 8% Net For First 10 Years.
50% Finance Available Via Private Equity Fund.
Year 11 Onwards Return Based On 50% Split Of Room Income To Investor.
Managed By Capella Hotel Group.
SIPP Approved.
A true turnkey investment with excellent returns set in the established North Yorkshire market
Set in the heart of the North York Moors this stunning £30 million development will include this delightful fully managed investment. This hotel of just 44 bedrooms offers investors an excellent rental programme managed by an international hotel operator. Investors will receive a return based on 50;50 split of the room income giving the investor a minimum net return of 8% per annum for the first 10 years. Year eleven onwards the investor will receive 50% of the room income.
The investment can also be accepted into a SIPP. Investors can reserve a unit for just £2500 + VAT and the projects offers an insured deposit scheme for the 20% deposit required at contract giving purchasers peace of mind. The pricing of these properties is competitive with current pricing up to 37% below RICs valuations, 50% finance is also available through a private equity fund
This development is the sister project to the popular £100 million Flaxby Country Resort project and will offer a 5* facilities including a 6000 sq ft spa featuring the latest treatments and technology making it one of the most impressive in the North of England. There will also be a fine dining restaurant and luxury bar in addition to a conference and function area with a capacity for 180 people. Raithwaite Hall is located just a few minutes from Whitby Bay, off the Whitby to Sandsend Road and is set in over 80 acres of the local countryside. The landscaped grounds are well maintained and include various gardens, lakes and bridges.
Located in the heart of the North York Moors, the area is one of outstanding beauty with heather covered dales and moors providing a stunning landscape. The coastal area provides an alternative breathtaking backdrop of sweeping sandy beaches and spectacular cliffs.This area unsurprisingly boasts some of the finest outdoor pursuits in the UK with a worldwide excellent reputation for the local shooting. The location of Raithwaite hall offers both salt water and fresh water fishing to anglers, with the estate boasting its own well stocked lake.