Returns
The 11 purpose built investment properties are designed with maximum revenue in mind. Each containing 3 double bedrooms with en-suite bathrooms, a kitchen and lounge, so the units can be let by the hotel as 3 separate rooms, or as self contained cottages according to demand. This ensures maximum let-ability and therefore maximum returns for you.
By owning a cottage you become the beneficiary of immediate uncapped rental income guaranteed not to fall below £1,185 per month for two years, that’s the equivalent of a minimum 6% yield after all costs.
Yield projections at year 3 and onward are 7.23% net assuming 60% occupancy. Average holiday cottage occupancy in Norfolk is 58%, and that’s without a team of dedicated marketers like the ones working on the behalf of Heacham Manor property owners.
The 6% guarantee is backed by the hotel developers and is net of the cost of servicing, marketing, cleaning, sheet changing, reception services, guest hospitality, rates, insurance and maintenance. If the revenue generated exceeds the 6% guarantee, you reap the benefit.
Owning a Heacham Manor holiday property is a very profitable armchair investment with the absolute minimum of work and very little risk on your behalf.
