London Excel Hotel investment
The London Excel Hotel will be a franchise of a world renowned international hotel brand that will offer investors an anticipated net yield of 7.5% per annum rising to 10.5% by year 5.
(PRWEB UK) 3 April 2012
Colordarcy.com reveal that The Royal Institution of Chartered Surveyors (RICS) has recently valued the London Excel Hotel investment opportunity at £161,000, compared to the sale price of just £135,000 per room.
Real estate advisors at Colordarcy.com are keen to point out that with bank rates still miserably low and investors keen to sidestep the Euro crisis, this refreshing investment option provides gold plated ‘due diligence’ when it was needed most!
London Excel Hotel, offering 204 en-suite rooms is situated on prime London real estate land, set within a special enterprise zone which has been designated for major construction and redevelopment. Ideally placed, close to the O2 Arena, City Airport, Excel and Central London it is hard to think of a better location for a hotel investment opportunity.
Loxley McKenzie Managing Director of Colordarcy.com said, “The London Excel Hotel will be a franchise of a world renowned international hotel brand that will offer investors an anticipated net yield of 7.5% per annum rising to 10.5% by year 5. This coupled with the initial saving of £26,000 being the difference between the sale price and RICS valuation is tempting to say the least, but in addition investors will have the VAT deferred by the developer saving a capital outlay of some £25.000. With many experts having concluded that London’s real estate market has just past the recovery stage the London Excel Hotel’s timely release to market and strong central location could not be better placed.”
Due for completion in mid 2013, this brand name hotel will offer an array of facilities including 125 cover restaurant, bar, lounges, 4 meeting rooms, high speed internet and all important parking facilities.
Loxley continues, “Property in London is expensive! The BBC recently reported that the average property price in Greater London is a staggering £440,000. Therefore hotel room investment helps minimise investor’s risks as it requires a lower initial investment and they are hands off. They also give you a predictable income; hassle free management, non – status finance and the best ones are backed by global hotel brands.”
Investing in London Excel Hotel is a simple process. There is an initial reservation deposit of £5,000, followed by a 30% deposit on exchange (£40,500 less the initial deposit). Then there is 10% six months after exchange at £13,500 and 10% on completion also at £13,500. Finally there is 50% LTV non- status on completion (67,500) guaranteed approval.
Click here for more information on London Excel Hotel:http://www.colordarcy.com/property/overseas-property/united-kingdom-london-london-excel-hotel.php
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Atlanta, Brazil, Florida, Turkey and the United Kingdom.
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