The Coach House, Hotel Room Investment in Halifax
Properties from £65,000
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Nestled in the beautiful valley of Calderdale, the historic Minster town of Halifax provides a dramatic backdrop for this operational luxury 41-bedroom boutique hotel with contemporary bar and restaurant, conference suite and function room.
Individual units are available for investment, with affordable purchase prices & significant rental yields. Investors receive assured returns of circa 10% NET in years 1 – 10 on full cash inputs. Investments are completely hands-off and require no ongoing management or maintenance costs. Investors also receive an assured buy-back opportunity from years 10-15, providing an impressive ROI.
Located in the heart of this bustling and vibrant West Yorkshire town, the launch of The Coach House coincides perfectly with a multi-million pound redevelopment programme across Halifax which will see the town transformed into a mecca for shopping, dining and entertainment.
The town’s famous Piece Hall, just a short stroll from The Coach House, dating back to 1779 has recently undergone a £19 million conservation transformation with a wealth of independent retailers installed to reflect the vibrancy and creativity of the region.
Double/twin bedrooms will be converted into well-equipped and welcoming rooms with a fresh and elegant style designed to give the modern family all they need.
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The Coach House is an imposing new boutique hotel situated in an outstanding location in the heart of the cultural centre of Halifax in Yorkshire. Now available for investment, The Coach House offers an exceptional investment opportunity, with a number of unique highlights.
- Double/Twin rooms available for investment.
- Purchase price of £65,000
- Superb location in the centre of Halifax
- Circa 10% NET returns per annum for 10 years.
- 125% buy back options from year 10.
- 125 year leasehold with title
- A hands-off property, fully managed by a highly experienced hotel operator.
- Rolling schedule of refurbishment.
- Restaurant and bar on-site.
- Free parking.
- Conference facilities.
- Wedding reception venue.
- Reserve for £1,000.
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Halifax is a name that has long been familiar to the British public – as a bank, a confectionery town famous fo its Mackintosh toffee, Quality Street and Rolos, and more recently as location for the hit TV series Last Tango in Halifax.
Nestled at the edge of the South Pennine moorlands, this historic town is characterised by its magnificent Victorian architecture, Gothic facades and steep hills paved in Yorkshire stone. Yet on its immediate doorstep is the Calderdale countryside, glorious in summer and majestic in winter, offering a break from the bustling town life. The town’s location, transport links and hugely varied visitor offer makes it the perfect base for either staying put or heading further afield by road, rail, on two wheels, foot or horseback and it even boasts its own ski slope.
Well situated on a main trans-Pennine rail route, Halifax is an excellent centre point, with speedy connections to the cities of Leeds and Manchester. The local Caldervale line offers handy local links to savour the distinctive individual characters of Calderdale’s smaller towns, including Hebden Bridge, once labelled ‘one of the world’s funkiest towns’ and Mytholmroyd, home to the late poet laureate Ted Hughes, whose much loved children’s book character The Iron Man is portrayed in artwork on the platforms.
On the edge of Halifax, Shibden Hall offers a glimpse into bygone lives with its 15th century walls, glorious gardens and woodland, including a miniature railway and boating lake. Once the hub of a thriving textile industry, Halifax continues to carve a niche as a sophisticated arts and cultural centre whose reputation can only be enhanced on completion of the £19 million renovation of the Grade I Listed Piece Hall, Britain’s only surviving Cloth Hall. One of the most important heritage projects in the UK, Piece Hall is a spectacular tribute to Britain’s industrial heritage and an outstanding example of innovative regeneration. Colonnaded galleries surrounding an awe-inspiring 66,000 sq ft courtyard, make it an urban centrepiece unlike any other.
Nobody visiting Halifax could fail to miss the dominating façade of the Grade II Listed Dean Clough Mill complex. Once one of the world’s biggest carpet factories, Dean Clough has reinvented itself as a thriving hub for local business, art, theatre and music. The 20-acre site epitomises Halifax’s triumph of foresight, innovation and bold commitment to both proud heritage and optimistic future.
Why invest in Halifax?
Halifax was built on the wealth of the woollen industry and investment in this architectural and cultural gem continues today, bringing massive benefits to tourism. The town is at the heart of the Yorkshire borough of Calderdale, which is an area very much on the up.
Top-rated television shows such as Happy Valley and Last Tango in Halifax have helped bring its rugged landscape and characterful towns to the attention of a wider national audience, which has helped boost visitor figures.
A recent independent report revealed that the value of tourism in the area rose by 8% to £298.3 million in 2015, with a 4% increase in overnight trips. Hotels, shops and eateries were among the local businesses benefiting from around £214 million spending on visits. And this trend is very likely to soar with the opening of the Piece Hall. The £19 million conservation project to create a world-standard cultural and commercial centre is breathing new life into the local visitor market. Confidence in Calderdale‘s future growth is such that the project attracted £7 million in Heritage Lottery funding.
With sterling suffering the after-effects of the Brexit vote more holidaymakers are likely to play it safe and holiday in the UK, while the 3% increase in spend by overseas visitors to Calderdale is set to continue apace in the face of a weak pound. The time to invest in visitor accommodation in Halifax has never been better and if you go down this route you will find yourself in very good company.
The town is at the heart of phase one of a £150 million investment programme across the borough that will revitalise its public spaces, historic buildings and transport systems, creating huge potential for returns on investment. And Calderdale Council’s ongoing commitment to attracting more visitors is evident in its recent successful £120,000 funding bid for Halifax’s Bankfield Museum - its third in the past three years - which will create new exhibitions and improve access.Such is the confidence of Calderdale businesses that their extra spend in the area is estimated to have generated £67.5 million in the local economy.
Our team of investment advisors are on-call to assist you throughout every stage of the purchase process, from initial enquiry to completion of your property purchase.
We are also more than happy to arrange site visits for potential investors where you can be introduced to the project developer and ask any questions that may arise during the purchase process.
We have a clear and transparent purchase process:
- After a consultation with a Property Sales Executive, a unit will be recommended to you.
- Once your preferred unit is agreed, a reservation fee of £1000 is payable.
- A client care pack will be sent to you by your chosen solicitor, there are documents within this pack that require your authorisation, this allows the necessary checks to be carried out and the purchase to continue as per UK conveyancing law.
- Your solicitor will also send you the purchase contracts and their report on title, this is your third party advice that relates to your purchase. You should read this thoroughly and liaise directly with your solicitor to ensure you’re satisfied with the documents you have received. You will also be required to send your ID and proof of address and proof of funds to your solicitor.
- Once you are ready to proceed you will be asked to sign and where appropriate have your witness sign the contracts and return them to your solicitor, using a secure, signed for delivery service. At the same time, you are required to transfer the balance of purchase into your solicitor’s client account.
- Upon receipt of your documents and the balance purchase monies, exchange and completion can take place. Your lawyer will then attend to all registration formalities with the Land Registry.
- Omitting delays, the purchase process is scheduled to take no longer than 28 days from the point of reservation.
If you’d like to know more, speak to one of our advisors today on +44 (0)1202 765011 or email [email protected]ect-portfolio.co.uk.
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