Belfast By Signature, 61-63 Donegall Place, Belfast BT1 5AG

Prices from £80,000
Hotel/B&B For Sale
Prices from £80,000

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Westport Invest ltd

Westport Invest ltd

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Key Information

Price Prices from £80,000
Style Hotel/B&B
Status For sale

Location

This agent has listed the accuracy as: Quite Near

Additional Information

Belfast by Signature is in a prime city centre location overlooking Belfast City Hall and accompanying gardens located on the junction of Donegall Square and Bedford Street.

Crowned as Best UK City, Belfast has undergone an increase in tourism over the past decade. With 1.4 million visits which contribute over £278 million to the economy and support 17,000 jobs, Belfast’s growth is only just beginning.

Brief History of Belfast by Signature

The Grade B1 listed building was built by Henry Seaver and completed in 1904 as Scottish Temperance. In 2013, the building was put on the market as an investment and refurbishment opportunity. The Building was converted to a hotel on the same year and and was approved on 2014. Liverpool based developer acquired the former Scottish Mutual building during 2017 and invested for refurbishing the building for hotel use. The former building still retains many of it's original features across all six floors, making it the perfect heritage redevelopment.

Investment Highlights

Pricing from £80,000 95% Occupancy rate Fully managed Premium hotel in central location 8% NET yield for years 1-3 9% NET yield for year 4 10% NET yield for year 5-10

There is an option for the developer to buy back the units at 106% of the purchase price after year 3, plus an additional uplift of 2% per annum thereafter.

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Total Views

(since advertised)

211

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