Sold

Yorkshire, Durker Roods Hotel, 10% NET

£49,950
Bishops Way, Meltham, Holmfirth

Yorkshire, Durker Roods Hotel, 10% NET

£49,950
Bishops Way, Meltham, Holmfirth

4800

Property ID

10% NET

Yield

Overview

Price £49,950
Property type Sold
Yield 10% NET
Property ID #4800
Labels New launch

Features

Fully Managed
Immediate Income

Description

 

Investment Highlights:

  • Annual returns of 10% NET paid quarterly in arrears
  • Popular wedding venue with beautiful grounds
  • Occupancy consistently over 70%
  • 5 year buy back at 115%
  • Over 10 million visitors to the local area every year
  • Great transport links to a number of Northern Powerhouse cities

 

Durker Roods is a picturesque 30 bedroom hotel steeped in history, nestled on the edge of The Peak District National Park, in an area of Yorkshire attracting over 10 million visitors per year and sitting in the very heart of the are of the UK now commonly referred to as the Northern Powerhouse.

A popular wedding and events venue with a regionally renowned restaurant, the hotel has entered year three of an exciting renovation project. The hotel continues to grow in stature and profitability thanks to previous owners who took the hotel from a sleepy establishment to a high occupancy popular attraction for tourists and local visitors alike.

In the past two years the hotel has benefited enormously from targeting the booming industry of the over 40’s ‘staycation’ visitors. Retired and semi-retired visitors flock to the hotel from all parts of the UK and abroad taking advantage of attractive deals which boost the hotels midweek trade.

Over the same period the hotel took a stand and despatched with the previous owners wedding plans which revolved around offering low budget weddings at short notice. Instead they raised prices and offered a better service halving the number of weddings but increasing the profits something which forms part of the long term wedding strategy.

Business users make up the bulk of the weekday visitors especially in Autumn and Winter months. With great links to the M62 the hotel is the perfect place to stop off between the cities of Manchester, Leeds and Sheffield as the hotel offers competitive rates to the more discerning of business travellers.

Weddings are not the only events taking place at the hotel. As one of the largest venues in the village of Meltham, Durker Roods hosts many a celebration from birthdays to christenings to large corporate events, it is a popular venue in the local community.

The perfect place to stop off between the cities of Manchester, Leeds and Sheffield.

 

Location:

The hotel lies in Meltham, just outside the famous tourist town of Holmfirth in Yorkshire and within an hours drive from the busy cities of Manchester, Leeds and Sheffield, key regions at the heart of the booming Northern Powerhouse.

Location

Address Bishops Way, Meltham, Holmfirth
Country United Kingdom
Cities Yorkshire
Postal code / ZIP HD9 4JA

Near Place

Walk Score

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