Property-Abroad.com

Property-Abroad.com
303a Stockton Road, Hartlepool, Cleveland, TS25 5DA

http://www.property-abroad.com
Apartment - For Sale - Miami, Florida, United States of America
Ref: PA1TPX5 £165,000
   
 
Miami, Florida, United States of America
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Bedrooms: 1

1 bed Hollywood Grande is a stunning 5 star hotel development in a rare beach-front location in Hollywood Beach, Florida and is perfectly poised to benefit from the already underway $100m redevelopment of the Hollywood Beach area. The hotel's unique desig...

Hollywood Grande is a stunning 5 star hotel development in a rare beach-front location in Hollywood Beach, Florida and is perfectly poised to benefit from the already underway $100m redevelopment of the Hollywood Beach area.

The hotel's unique design, inspired by renaissance European architecture, will ensure that it stands out as a landmark location in the area.

All hotel suites are bought beautifully furnished, with fully furnished prices per square foot starting at just $550.

Up to 79% financing is also available at approximately 7% per annum to investors

Investors will benefit from an outstanding condo-hotel scheme offering 7% guaranteed income for the first 2 years and then 60% of the room rate to them for every night their room is occupied.

With a world-leading management company in place to handle the hotel, and local occupancy levels reaching 92.7% in leading hotels, rental yields under the first option are exepcted to be comfortably in excess of 12-13%.

Maintenance charges are set at just $9 per sq ft per year and the investor also has the option of 90 days personal usage per year!

* 5* boutique hotel
* Member of Small Hotels of the World
* Fully furnished units
* Unique Venetian Design
* Excellent Location
* Exceptional Investment Opportunity
* 30% down nothing until completion
* 79% mortgage: (9% cashback on completion if this option is taken) or 70% mortgage with no cashback
* Provides almost 2 years capital growth on the full property value for just 30% down
* 90 days free use (if not SIPP)
* Fully automated robotic parking
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Exchange rates 1 $ = 0.51044 £ 1 $ = 0.67671 €
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