Basics
- Category: Eastbourne
- Type: Holiday Lets
- Status: Completed
- Completion: Completed
- Bedrooms: 1 Bed
- Gross Yields: 9%
Description
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Description:
Devonshire Park Hotel is the Grade 2 listed Victorian hotel offers 35 beautiful rooms and is located less than a 5-minute walk to the seafront and opposite the cultural quarter in Eastbourne, making it one of the most lucrative locations on the South Coast.
- Existing business that’s been running for over 20 years.
- 65% of total bookings are repeat business
- Average 83% occupancy
- Ranked #2 in Eastbourne on Trip Advisor
Investment Highlights
- Investment Highlights: The prices start from £69,950. There is an assurance of 9% NET income per annum for 5 years. At the end of the 5th year, there is an option for a 110% buyback. Additionally, there is a complimentary 3-night stay available for personal usage. The rooms come fully furnished with no hidden extra fees. The property is fully managed by a professional operator with an established reputation.
Location Highlights
- Location Highlights: Eastbourne ranked as the sunniest place in the UK and No.1 best place in the UK to visit in 2023. Eastbourne boasts a classic British seaside experience with a long promenade, a Victorian pier, and a beautiful shingle beach backed by grand hotels.
Property Highlights
- Property Highlights: Each year, the Devonshire Park Hotel welcomes corporate guests and has a long track record of hosting the same companies, clubs and social groups, including religious delegations, professional bodies, and charitable organisations like Rotary, year after year. A testament to the Hotel's commitment and service, 65% of bookings are repeat guests.
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