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HOT PROPERTIES - DISCOUNTED INDIVIDUAL ROOMS AT HOLIDAY INN DOCKLANDS CENTRAL LONDON

Holiday Inn Docklands, London

From

THB	8,261,701
US$	253,624
SG$	355,866
HK$	1,975,354
€	206,556
GB£	175,000*

*Price fixed in GB£, prices in other currencies are for reference only and will vary.

LIFESTYLE “EXCLUSIVE OFFER”

It’s not often that we can say that we have a property investment that ticks all the boxes, but for the Holiday Inn Dockland Hotel we think we are as close as possible. High yielding hotel assets are normally reserved for multinationals, mutual funds and the mega-rich. However, we have been able to source one of the best located hotels in central London and offer individual rooms for sale as follows:

PROJECT OVERVIEW

Location	: 82 West India Dock Road
Developer	: Key Homes Fund
Architect	: Sisk in-house Architects
Tenure	: 999 year leasehold
Start Date	: August 2010
Completion	: Estimated Q1 2012
Local Authority	: Tower Hamlets
Building Assurance	: 10 year Premier guarantee
Accommodation	: 196 Standard Rooms, 56 Executive Rooms
Ground rent	: £500 per annum (deducted from income)
Service Charge	: £1,500 per annum (deducted from income)

The hotel offers 2 types of accommodation to purchasers

183, 26-sqm Standard Rooms priced at £175,000 (£629 per sq ft)
69, 30 sq-m Executive Rooms priced at £185,000 (£576 per sq ft)

The Royal Institute of Chartered Surveyors (RICS) has valued these properties as follows

Standard Room £232,000 representing a discount of 25%
Executive Room £245,000 representing a discount of 24%

The developer is offering a 65% non-status mortgage which forms part of the purchaser’s contract and will be available on the following terms

Interest Rate : 2.5% above the Bank of England Base Rate
Repayment : Interest Only Or Repayment
Term : 10 years
Method : Payments taken directly from rental income

Applicants must be over 18 and under age 65 at completion

FORECAST INVESTMENT RETURNS

The forecast investment returns are as indicated by Intercontinental Hotels Group Limited and with the deduction of ground rent and service charge. The income from the hotel is pooled and then split between the operator and room owner as follows:

Standard Room (£175,000)

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Income	£11,794	£17,074	£18,970	£19,313	£20,167	£20,826	£21,207	£21,609	£21,920	£21,941
Yield	6.74%	9.76%	10.84%	11.04%	11.52%	11.90%	12.12%	12.35%	12.53%	12.54%
ROI	19%	27%	30%	31%	32%	33%	34%	35%	35%	35%

ROI is gross return on the funds invested which has ground rent and service charge deducted but does not include mortgage payments and personal tax. The ROI was based on a 35% (£62,500) deposit and 65% mortgage.

ADDITIONAL INFORMATION AVAILABLE ON REQUEST

Price List
Floor Plans
Returns
Investment Report
Detailed brochures

For more information on this project please enter your contact details in the form on the left…