Price £102,800
Style Hotel/B&B
Status For sale
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Additional Information

Additional Information

George Best Hotel 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 George Best Hotel

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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Property Statistics

Total Views

(since advertised)

538

Listing Views

Date Views Unique Views Featured Published
18th Sep 0 0 No No
19th Sep 0 0 No No
20th Sep 0 0 No No
21st Sep 0 0 No No
22nd Sep 0 0 No No
23rd Sep 0 0 No No
24th Sep 36 36 No Yes
25th Sep 41 41 No Yes
26th Sep 41 41 No Yes
27th Sep 25 25 No Yes
28th Sep 48 48 No Yes
29th Sep 23 23 No Yes
30th Sep 22 22 No Yes
1st Oct 34 34 No Yes
2nd Oct 21 21 No Yes
3rd Oct 24 24 No Yes
4th Oct 21 21 No Yes
5th Oct 11 11 No Yes
6th Oct 11 11 No Yes
7th Oct 26 26 No Yes
8th Oct 11 11 No Yes
9th Oct 22 22 No Yes
10th Oct 13 13 No Yes
11th Oct 14 14 No Yes
12th Oct 18 18 No Yes
13th Oct 12 12 No Yes
14th Oct 33 33 No Yes
15th Oct 15 15 No Yes
16th Oct 9 9 No Yes
17th Oct 7 7 No Yes

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