A new opportunity to invest in a handful of hotel apartments within the £500m Edinburgh Marina development has come to market.
Edinburgh Marina Holdings, the developer of the new waterfront scheme, has revealed the release to investors for one, two and three bedroom luxury hotel serviced apartments.
The self-contained, air conditioned serviced apartments are fully furnished and equipped and will form part of the new Edinburgh Marina Spa & Conference Hotel.
All the hotel serviced apartments which have the benefit of hotel use will be leased to the hotel operating company on a 25 year lease.
Guests staying in the serviced apartments will benefit from direct access to the new Edinburgh Marina Hyatt Regency Spa and Conference hotel.
Charles Price spokesperson for Edinburgh Marina Holdings commented: “This is a unique opportunity for investors who are seeking secure long-term, hassle free income with built-in growth.
“The recent reduction in National Savings returns to 0.7% pa coupled with the forthcoming tax changes to residential letting income makes these commercial serviced apartments a unique and highly attractive investment proposition.”
The £500m Edinburgh Marina development is at the forefront of Edinburgh’s Waterfront regeneration in Granton and includes; a world class marina comprising 427 full-serviced berths with 24/7 access at all states of tide, new homes for sale and to rent, the Hyatt Regency Spa and Conference hotel and serviced apartments, medical hub and neighbourhood shopping.