Park Hall
PROPERTY DETAILS
The exclusive Park Hall Resort in North West England offers a range of Freehold Cottages from just £89,950 fully managed with the benefit of a 10-Year leaseback providing investors with a 10% NET return. Park Hall is situated within 140 acres of countryside and forests comprising 140-bedroom hotel and 55 independent cottages with a range of on-site amenities. The resort is undergoing a full renovation and refurbishment programme, with a brand-new destination spa being constructed, new reception area plus bars and restaurant additions. The rooms and cottages are to be fully refurbished with new facilities for the whole family being added. The hotel will be marketed for family staycations, spa breaks, conferences, and weddings.
Why Invest?
Nestled within 140 acres of picturesque countryside and sprawling green forests, Park Hall Resort, once the residence of a Benedictine monastery dating back to 669 AD, stands as a premier destination in this locale. Boasting top-tier amenities including banqueting suites, an upcoming newly refurbished Spa and Fitness Centre, a 140-bedroom hotel, 55 independent cottages, and even its own nightclub, the resort offers a diverse range of activities.
The unexpected closure of the resort in 2022 prompted a change in management, signalling the advent of a revival marked by an ongoing multi-million pound refurbishment. Under the stewardship of new owners, the resort is poised for a remarkable resurgence, with ambitious plans to breathe new life into the establishment and position it as a leading holiday destination in the area.
An enticing opportunity has arisen allowing the owners of the resort to raise some finance to plough back into the resort: the acquisition of a freehold cottage within the resort, starting from just £89,950. All cottages are due to be refurbished, ensuring investors acquire a freshly refurbished freehold cottage. Investors will also receive a rental assurance of 10% fixed for 5 years with buyback options in year 3 and year 5 at 105% and 110% respectively. Investors are additionally granted the opportunity to spend up to 2 weeks in their chosen cottage without affecting their assured income.
PROPERTY GALLERY
