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Ref: PA1TPX5
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£165,000
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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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