Investment Flats In Isle Of Arran

Property Overview:
Two spacious bedrooms, one fitted bathroom
Serviced apart hotel, good investment potential
Wonderful range of social activities
Seafront location, close to amenities

About:
Spotblue.com is very pleased to present these superb fully serviced apartments, which are located on the seafront on the Isle Of Arran, within an apart hotel, offering you good investment potential.

What is Isle Of Arran, Scotland like?
An extremely popular tourist destination, known as ‘Scotland in Miniature’, Arran has recently witnessed a surge in tourist numbers. Boasting mountains, forests, beaches and glens, Arran has
a varied landscape making it the perfect holiday destination. Sport and leisure options include extensive walking and cycle paths, water sports, fishing and seven great golf courses, including the world-famous twelve-hole Shiskine, as well as the historic Brodick Castle.

Where are these apartments in Isle Of Arran, Scotland?
These properties are situated on the seafront coast road, just 300 metres from the harbour in the heart of Brodick village, on the Isle of Arran; which is located on the Firth of Clyde, just 65km (40 miles) to the west of Glasgow and reachable from the airport in around two hours.

What are these apartments like?
These fully serviced apartments offer a choice of one or two bedroom and range in size from 27 to 30m2. They have spacious bedrooms, open plan living rooms and dining areas, fully fitted kitchens, plenty of storage, central heating, double glazed PVC windows, pre-installed, TV and internet line as well as high-quality fixtures and fittings.

What are the resort facilities like?
This is an apart-hotel with a restaurant, a Spa with a gym and treatment rooms. There is 24-hour security, wireless internet, communal gardens and off-street parking

Rental details:
Year 1 projected net yield 9.36%
Year 2 projected net yield 9.66%
Year 3 projected net yield 11.25%
Year 4 projected net yield 13.09%
Year 5 projected net yield 15.06%

Investment Overview:
Staycation off-plan investment
Inflation beating double-digit figures
PLC management operator in place
Short-term let regulation exempt (2024)
Freehold ownership of apartments
SSAS compliant

Property Summary:
The Development represents a prime high-growth investment opportunity in a seafront commercial serviced holiday apartment from the plan, readily saleable on the open market, in a brand new Apart - Hotel -
Restaurant - Spa Resort on the Isle of Arran, one of the most accessible Scottish Islands.
Designed with a particular emphasis on efficiency and sustainability, apartments in the Development are available from just £221,996 to £335,996 inclusive of the Investment Lettings Management Package, and when
adjusted for increasing costs and income, are anticipated to realistically provide a genuine initial income return of over 9% per annum, rising to over 15% per annum after 5 years.
Every single short-term let in Scotland will require a licence by 1st July 2024 which is expected to decimate the short-term stand-alone accommodation options on Arran. So whilst prices are still accessible there has never been a better time to get into the
purpose-built specialist serviced accommodation sector which falls outside the regulation (being a hotel, the development has class 7 planning permission which exempts it from the regulations) and surely offers the only available alternative accommodation to a traditional hotel room.

Property Prices:
One bedroom apartments, 27m2, priced from £221,996.
Two bedroom apartments, 30m2, priced from £275,996.