As the world continues to wrestle with the impact of Covid-19 and with the restrictions and nervousness around foreign travel, more Brits are choosing to holiday in the UK.
So, is now the time to invest in serviced accommodation? It is a strategy we are actively pursuing in Blackpool given the lack of quality properties available in the SA sector, increased demand for quality holiday property, unprecedented investment in the town, and the success of the football team.
With yields significantly outstripping those commanded from buy-to-let properties and an abundance of available property in need of renovation in and around the central tourism district, investing in SA in Blackpool is a great opportunity right now. Property can be bought cheap then renovated and the returns are eyewatering; a close friend of ours currently charges £1,000 a night (sleeps 16 people) and has had £30k bookings in a month since launching. We are currently working on a deal with similar expected returns.
Before the pandemic in 2019, Blackpool’s annual visitor numbers had remained in excess of 18 million, with the value of the visitor economy increasing to more than £1.6bn. Clearly, the demand is there, it is the supply of decent serviced accommodation which is severely lacking; and there lies the opportunity to offer a great product and service and generate great returns.
As a number of entrepreneurs are actively seeki
ng to close the gap in the SA market in Blackpool, the window of opportunity will only be available for a short period.
As life-long residents of Blackpool, we are in a unique position to find and secure great deals on serviced accommodation in the right locations at the right price.
We have a number of deals currently progressing and are available to provide favourable rates of return given the significant incomes projected. If you are interested in working with us then please get in touch to discuss.
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