the harland - inveztments.com...popular tourist destinations. known as the queen of the yorkshire...

HTHE HARLAND

THE HARLAND

2

Scarborough Spa

CLASSIC collection3

04 THE OPPORTUNITYThe arrival of an elegant new seaside property to our Classic Collection

06 THE HOTELWhere tradition meets modernin the heart of Scarborough

10 THE LOCATIONThe Queen of the Yorkshire Coast and home to spectacular scenery and glorious beaches

12 ATTRACTIONSEscape to a world of rugged natural beauty and old-worldly seaside charm

20 THE PROCESSExplaining how your purchase works and your expected returns

CONTENTS

THE HARLAND

4

THE MAJESTIC HARLAND HOTEL OFFERS ANOTHER EXCITING OPPORTUNITY FOR PURCHASERS.

Scarborough Castle

CLASSIC collection5

Northern Powerhouse Developments is delighted to announce the arrival of an elegant new seaside property which sits proudly in our Classic Collection of hotels.

The majestic Harland Hotel, situated in one of the UK’s most iconic seaside resorts, offers another exciting opportunity for purchasers.

With a commanding position above the cliffs overlooking Scarborough and the South Bay, this large and comfortable hotel enjoys a unique charm and romance, dating back to a time when the town first became a Mecca for tourists.

Over the coming year, the spacious en-suite bedrooms, restaurant and bar areas

of The Harland will be given a fresh and sympathetic makeover while retaining the architectural beauty of this stunning seaside building.

The hotel will undergo a rolling schedule of renovation and refurbishment whilst remaining open and operational and we are delighted to offer a number of opportunities for purchasers looking to expand their portfolio with this popular Scarborough property.

Offering single, double/twin and premium suites The Harland Hotel will provide purchasers with a unique opportunity to own a timeless Victorian treasure in the heart of one the UK’s most famous resorts.

THE OPPORTUNITY

Rotunda Museum

THE HARLAND

6

THE HARLAND HOTEL IS THE PERFECT BASE FOR THOSE LOOKING TO UNWIND AND EXPLORE ALL THAT THIS RUGGED AND EXCITING PART OF THE WORLD HAS TO OFFER.

The hotel exterior

CLASSIC collection7

THE HOTEL

The Harland Hotel sits majestically above the cliffs on the beautiful North Yorkshire coast overlooking the popular resort of Scarborough.

With a long and proud history of delivering excellent hospitality to holidaymakers since it was built in 1854, the new-look Harland Hotel will further enhance its reputation as the perfect base for those looking to unwind and explore all that this rugged and exciting part of the world has to offer.

With fantastic views over the bay this large, comfortable hotel, richly decorated and with unique charm and character, sits proudly in our Classic Collection of hotels alongside the popular Queen’s Hotel in Llandudno.

Behind the old-fashioned warm welcome The Harland offers, you will find all the advantages of a modern hotel: comfortable, well-planned, with excellent facilities for all age groups and a light and airy contemporary feel.

Following the same design principles and business model that has made The Queen’s Hotel such a success The Harland will provide the modern family

with all they need in a clean, comfortable and stylish setting.

With 60 en-suite rooms, many enjoying breathtaking views across the South Bay, this imposing hotel will shortly undergo a rolling schedule of renovation over a three year period that will be sympathetic to the architectural beauty of the building.

The sensitive refurbishment will maintain the look and feel of the hotel, respecting its heritage. Additions will include its own up-market coffee house, spacious restaurant and relaxing bar area. In addition the hotel’s existing function rooms will be updated to complement the grandeur of this impressive building.

Single, double/twin and family 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.

We are delighted to provide purchasers with this exciting opportunity and we look forward to welcoming you to The Harland, where tradition meets modern to create Scarborough’s most exciting new arrival on the family hotel scene.

THE HARLAND

8

A COMBINATION OF TRADITIONAL AND MODERN FURNITURE WILL PROVIDE A FRESH FEEL TO THE DINING AREAS.

Spacious dining at The Harland

CLASSIC collection9

THE HOTEL

THE HARLAND

10

Scarborough harbour

SCARBOROUGH IS BELIEVED TO BE THE WORLD’S FIRST SEASIDE RESORT WITH HOLIDAYMAKERS FLOCKING TO ITS SANDY SHORES FOR NEARLY 400 YEARS.

CLASSIC collection11

THE LOCATION

Sitting on the beautiful North Yorkshire coast, Scarborough is home to spectacular scenery, glorious beaches and an old-worldly seaside charm that has made it one of the UK’s most popular tourist destinations.

Known as the Queen of the Yorkshire Coast, Scarborough is believed to be the world’s first seaside resort and holidaymakers have been flocking to its sandy shores for nearly 400 years.

Today it still remains a firm family favourite for a relaxing break by the sea and is the most visited part of the country outside of London.

Boasting two bays, Scarborough has twice as much beach area to sink your toes into than most holiday resorts, offering visitors plenty to see and do. The South Bay is an idyllic spot to enjoy the classic seaside experience, thanks to its glittering amusement arcades, ice cream parlours and traditional stalls lining the promenade, where you can tuck into some good old-fashioned Scarborough rock and fudge.

The quieter North Bay is the wilder of the two beaches and has a more rugged feel, being backed by rocky outcrops, imposing cliffs and hills. The beach boasts great surfing potential and has become a much sought-after spot for water sport enthusiasts.

Along with its award-winning beaches, the pretty seaside resort is rich in history and is home to many heritage sites. The magnificent 12th century Scarborough Castle towers over the town and enjoys spectacular panoramic views across the two sprawling bays, and with 3,000 years of history to step into, it will undeniably be the pinnacle of your visit to this charming seaside resort.

The bustling harbour is very much the heart of this attractive town, while the historic Spa, Rotunda Museum, Sea Life Sanctuary and Open Air Theatre are just a few of the popular family attractions that see holidaymakers returning year after year.

In terms of shopping, Scarborough offers a great choice of high street shops and boutiques. The Brunswick Centre is a prestigious all-weather shopping centre with a department store and thirty-five other retail outlets and is located in Scarborough’s pedestrianised shopping precinct, which has many individual boutiques, specialist shops and inviting coffee shops.

Scarborough is also ideally located for exploring the unrivalled beauty of this diverse region and with the North York Moors National Park, Dalby Forest, the rugged coastline and the Yorkshire Dales all in close proximity, it’s a great base for nature lovers to discover the very best Yorkshire has to offer.

For those looking to escape the countryside, Scarborough is also closely situated to some of the north’s most attractive cities and is linked by great rail and road networks.

• Hull – 2017 City of Culture – 45 miles

• York 42 miles

• Leeds 60 miles

• Newcastle 93 miles

• M1 62 miles

• A1 29 miles

• Teesside 58 miles

• Leeds/Bradford Airport 68 miles

THE HARLAND

12

Stephen Joseph Theatre


ATTRACTIONS

SCARBOROUGH CASTLEStanding prominently on the headland between the two bays, Scarborough’s impressive 12th century castle commands the most spectacular views over the Yorkshire coastline and is a must-visit attraction during your stay. With nearly 3,000 years of turbulent history behind it, there’s a wealth of intriguing artefacts to peruse and fortresses to explore, along with the breath-taking views to take in from the grassy headland. Finish off your visit by taking tea and cake in the 18th century Master Gunner’s House.

STEPHEN JOSEPH THEATREEnjoy some time out from sight-seeing and let your imagination wander at the Stephen Joseph Theatre. Established in 1955 by theatrical pioneer Stephen Joseph, the venue comprises two auditoria and welcomes more than 110,000 people throughout the year to enjoy its vast array of drama, music, dance, film and comedy productions.

SCARBOROUGH SPAThis Grand Victorian, Grade II listed building provides the perfect venue to enjoy an evening’s entertainment. Located in South Bay, the multi-purpose Spa hosts family entertainment, comedy nights, live music, exhibitions, conferences and events in the most beautiful and atmospheric of settings. Originally built around the source of Scarborough’s spa waters, the popular venue is a bustling hub for entertainment all year round.

THE ROTUNDA MUSEUMBrimming with fascinating objects, the Rotunda Museum is one of the UK’s oldest purpose-built museums which is still in use. Constructed in 1829, the museum boasts one of the foremost collections of Jurassic geology on the Yorkshire coast and is home to the unique Bronze Age skeleton, Gristhorpe Man, regarded as the best example of a tree burial in the UK. With more than 5,000 fossils and minerals to see, including an intriguing Jurassic collection, it offers a fantastic insight into Yorkshire’s Dinosaur Coast.

Scarborough Castle

THE HARLAND

14

Peasholm Park


PEASHOLM PARKStretching over 14 hectares, this beautiful oriental themed park is an idyllic spot to enjoy a peaceful and relaxing day out. Centered around a tranquil lake, visitors can hire traditional rowing boats, canoes and pedalos in the summer months to make the most of the pretty setting. If you’d prefer to keep your feet on dry land, there’s plenty of places to walk and sit around the park, woodland and garden areas. It’s a great spot for a picnic, weather permitting, or to simply take in the natural scenery.

SCARBOROUGH SEA LIFE SANCTUARYEmbark on a magical journey from the coastline to the depth of the oceans as you wander through the Sea Life Sanctuary’s 12 themed zones, where you’ll come face to face with an array of fascinating creatures. From sharks, sea turtles and playful seals, to tiny otters and the Humboldt penguins on Penguin Island, there’s so much to discover at this popular attraction and it promises to provide a superb day’s entertainment for the while family.

SOUTH BAY BEACHNo visit to Scarborough would be complete without a trip to the beach. This blue flag, award-winning beach offers miles of soft golden sands to wander and is back by amusements, cafes, restaurants and traditional seaside stalls to explore after a dip in the sea.

OPEN AIR THEATREAttracting some of the biggest names in music, including Elton John, Status Quo and Simply Red, Scarborough’s Open Air Theatre is a unique venue to catch your favourite band or artist in a glorious outdoor setting. The vast 6,000 plus capacity venue is situated around an island in the middle of a lake and boasts a range of food and drink outlets on site for a perfect evening of entertainment.

SCARBOROUGH ART GALLERYBuilt in the late 1840s, this Italianate villa is one of Scarborough finest buildings and houses the Borough’s fine art collection, including works by Atkinson Grimshaw, H.B. Carter and Frank Mason. Telling the story of Scarborough and its influences over the years in a display of wonderful paintings, seascapes and views of the town, it offers a captivating insight into the early history of the area.

THE SCARBOROUGH FAIR COLLECTIONHome to a magnificent working collection of vintage cars, steam engines, fairground rides and mechanical organs, set in the scenic grounds of the Flower of May Holiday Park, this fascinating museum will transport you to a bygone era. Take a spin aboard one of the vintage fairground rides, dance the afternoon away at one of their Tea Dances, or simply enjoy taking in the various artefacts at this unique attraction.

ATTRACTIONS

THE HARLAND

16

Colourful beach chalets on Scarborough beach

MANY CLASSIC VICTORIAN BUILDINGS ARE BEING RESTORED TO THEIR FORMER GLORY ALONGSIDE QUALITY CONTEMPORARY NEW-BUILD ARCHITECTURE.


WHY PURCHASE IN SCARBOROUGH?

Having been granted government support, Scarborough is currently one of Yorkshire’s ‘Renaissance Towns’ and in recent years has seen a huge injection of investment.

As a result, many classic Victorian buildings are being restored to their former glory alongside quality contemporary new-build architecture.

The rejuvenation continues with such facilities as a new casino, a flurry of restaurants and eateries appearing, along with major retail outlets opening their doors.

The re-opening of Scarborough’s Open Air Theatre in 2010, following a £3.5 million renovation, also helped to draw in an influx of visitors and it remains one of the town’s most popular attractions, having played host to major stars including Sir Elton John, Status Quo

and Alfie Boe. Scarborough Borough Council are set to extend the number of concerts at the venue up to 30 concerts per year, an increase on the 12 it is allowed to host at the moment, in order to extend the tourism season and bring a boost to the local economy. The theatre’s capacity will also increase to 8,000 to allow for more visitors.

Over the next five years the Yorkshire Coast is set to see an unprecedented level of investment, potentially in excess of £2 billion, including plans to develop a new potash mine in Scarborough Borough, creating an estimated 3,000 jobs.

Major harbour infrastructure plans are also being developed for Scarborough and Whitby ports, at the cost of £80 million, while £15 million will be dedicated to improving transport infrastructure over the course of the next five years.

The harbour at night

THE HARLAND

18

THE NORTH YORKSHIRE COAST IS THE MOST VISITED PART OF THE COUNTRY OUTSIDE OF LONDON, WITH AN AVERAGE OF 1.4M TRIPS TO THE AREA EACH YEAR.

Scarborough Castle


The Borough of Scarborough is among the top five of England’s most visited destinations, second

only to London for holiday trips and holiday spend

The North Yorkshire Coast is the most visited part of the country outside of London, with an average

of 1.4m trips to the area each year

Scarborough is the fourth most visited English town for day trips by GB residents

Holidaymakers brought £294m a year to the area between 2013 and 2015

Business spend brought £35m to the area between 2013 and 2015

19.36m seaside trips were made in England in 2015, with an average spend of £4.354mDomestic overnight trips to Yorkshire have grown by more than 20% since 2015 from 9.4m to

11.3m, one of the largest increases among regions in England

11.3m trips were made to Yorkshire and the Humber in 2015, with an average spend of £1.9bn,

an increase of 11% from £1.7bnTourism in Yorkshire is worth £7bn annually and there are 216m visits to the region each year –

more than Walt Disney Attraction Theme Parks worldwide

Overseas visits to the UK in 2017 are forecast to 38.1m, an increase of 40% on 2016 and visitor

spending is expected to reach £24.2bn, an increase of 8.1% on 2016

In 2015, British residents took 102.7m overnight trips in England, with an expenditure of

£19.6bn43.7m holiday trips were taken in England in 2015, with spending of £10.7bn

Over the next five years there is set to be unprecedented investment on the Yorkshire Coast,

potentially in excess of £2bn. Plans include a £2bn investment to develop a new potash

mine in Scarborough Borough, creating 1,000 direct jobs and 2,000 indirect jobs

Major harbour infrastructure plans are also being developed for Scarborough and Whitby ports, at the

cost of £80m£15m is set to be invested in the area over the next five years to improve transport infrastructure

SCARBOROUGH IN NUMBERS

THE HARLAND

20

Exterior of The Harland


1. Your sales consultant will prepare a reservation form which includes details of the unit that you have chosen and the financial terms offered by us.

2. You will then be asked to sign the reservation form and pay the £500 reservation fee to reserve the unit. Your sales consultant will send the signed reservation form to us.

3. A memorandum of sale is then produced by our in house sales administration team and issued to the third party solicitor chosen by you to act on your behalf. At this point the purchase contracts will be drafted by our solicitors and sent to your solicitor for review.

4. 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.

5. 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.

6. 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.

7. 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.

8. Omitting delays, the purchase process is scheduled to take no longer than 28 days from the point of reservation.

THE PROCESS

We believe that by taking our time to listen to your needs, we are able to establish a full client profile for you. We can then confidently confirm whether The Harland is the right opportunity for you.

You can also be fully assured that throughout the whole process we will always put your needs first. A purchase has to be 100% right for you and we will work with you to make sure we find the right one for you.

ABOUT THE LEASEBACK

A leaseback arrangement is a financial transaction whereby a seller of an asset (the developer) leases back the same asset from the purchaser (you).

The operator, Giant Hospitality in this case, assumes all responsibilities for the day-to-day running of your unit and for all costs.

Unlike a traditional buy-to-let, you are not responsible for: monthly property management fees, property maintenance, refurbishment, or any tenant-related issues, including vacant periods that may result in a loss of earnings. This opportunity provides a hands-off, hassle-free, income-generating asset.

THE HARLAND

22

SEA FACING BALCONY DOUBLE SUITE

The balcony double suite room full cash input delivers £8,500 annual rental income for the next 10 years.

£85,000 - Full cash input

By purchasing with a full cash input, you benefit from an annual rental income being paid from year 1 onwards annually in arrears.How the return is calculated:Cash input £85,000 x 10% = £8,500 x 10 years = £85,000

Buy back option at year 10 = £106,250 (125%)

ROI = (Buy back £106,250 + Cash rental income £85,000 _ Initial cash input £85,000) ÷ Initial cash input £85,000 = 125% ROI: Return on investment.

Year Rental income (circa 10%)

1 £8,500

2 £8,500

3 £8,500

4 £8,500

5 £8,500

6 £8,500

7 £8,500

8 £8,500

9 £8,500

10 £8,500

Total £85,000

Purchase price £85,000

Cash input £85,000

Reservation fee £500

Balance of cash input £84,500

Assured tenancy period 10 years

Income circa 10%

No. years cash deposit 0

No. years full purchase price 10

Buy back @ 125% £106,250

Total purchaser returns £85,000

Less cash input £85,000

Cash received over and above initial cash input £106,250

ROI: 125%


SEA FACING BALCONY DOUBLE

The balcony double room full cash input delivers £8,000 annual rental income for the next 10 years.






1 £8,000

2 £8,000

3 £8,000

4 £8,000

5 £8,000

6 £8,000

7 £8,000

8 £8,000

9 £8,000

10 £8,000

Total £80,000


Cash input £80,000




Income circa 10%



Buy back @ 125% £100,00




ROI: 125%

THE HARLAND

24


THE HARLAND

26

SEA FACING DOUBLE SUITE

The double suite room full cash input delivers £8,250 annual rental income for the next 10 years.






1 £8,250

2 £8,250

3 £8,250

4 £8,250

5 £8,250

6 £8,250

7 £8,250

8 £8,250

9 £8,250

10 £8,250

Total £82,500


Cash input £82,500




Income circa 10%



Buy back @ 125% £103,125




ROI: 125%


SEA FACING DOUBLE

The double room full cash input delivers £7,500 annual rental income for the next 10 years.






1 £7,500

2 £7,500

3 £7,500

4 £7,500

5 £7,500

6 £7,500

7 £7,500

8 £7,500

9 £7,500

10 £7,500

Total £75,000


Cash input £75,000




Income circa 10%



Buy back @ 125% £93,750




ROI: 125%

THE HARLAND

28


THE HARLAND

30

INLAND DOUBLE

The double room full cash input delivers £6,500 annual rental income for the next 10 years.






1 £6,500

2 £6,500

3 £6,500

4 £6,500

5 £6,500

6 £6,500

7 £6,500

8 £6,500

9 £6,500

10 £6,500

Total £65,000


Cash input £65,000




Income circa 10%



Buy back @ 125% £81,250




ROI: 125%


SEA FACING SMALL DOUBLE

The small double room full cash input delivers £7,000 annual rental income for the next 10 years.






1 £7,000

2 £7,000

3 £7,000

4 £7,000

5 £7,000

6 £7,000

7 £7,000

8 £7,000

9 £7,000

10 £7,000

Total £70,000


Cash input £70,000




Income circa 10%



Buy back @ 125% £87,500




ROI: 125%

THE HARLAND

32

SEA FACING SINGLE

The single room full cash input delivers £6,000 annual rental income for the next 10 years.






1 £6,000

2 £6,000

3 £6,000

4 £6,000

5 £6,000

6 £6,000

7 £6,000

8 £6,000

9 £6,000

10 £6,000

Total £60,000


Cash input £60,000




Income circa 10%



Buy back @ 125% £75,000




ROI: 125%


INLAND FAMILY

The family room full cash input delivers £10,000 annual rental income for the next 10 years.






1 £10,000

2 £10,000

3 £10,000

4 £10,000

5 £10,000

6 £10,000

7 £10,000

8 £10,000

9 £10,000

10 £10,000

Total £100,000


Cash input £100,000




Income circa 10%



Buy back @ 125% £125,000




ROI: 125%

THE HARLAND

34


INLAND SINGLE

The single room full cash input delivers £5,000 annual rental income for the next 10 years.






1 £5,000

2 £5,000

3 £5,000

4 £5,000

5 £5,000

6 £5,000

7 £5,000

8 £5,000

9 £5,000

10 £5,000

Total £50,000


Cash input £50,000




Income circa 10%



Buy back @ 125% £62,500




ROI: 125%

THE HARLAND

36


As with any purchase, you should be made aware of any exit strategies. Through a unique structure, the developer is able to offer you multiple exit strategies:

• At the end of the 10-year term, an assured buy back can be initiated whereby they will purchase the unit back from you at 125% of the full purchase price.

• You have the option to sell your unit on the open market at any given point.

EXIT STRATEGY OPTIONS

THE HARLAND

38

HTHE HARLAND

V1 Terms and conditions:All material is strictly copyrighted and all rights are reserved. No part of this brochure may be reproduced in whole or in part without written permission of Northern Powerhouse Developments Ltd. Although every effort has been made to ensure the accuracy of the information contained in this publication, Northern Powerhouse Developments Ltd cannot be held responsible for any errors it may contain. Northern Powerhouse Developments Ltd cannot be held responsible for the loss or damage of any material, solicited or unsolicited. The views expressed in this brochure are not necessarily those of Northern Powerhouse Developments Ltd.

the harland - inveztments.com...popular tourist destinations. known as the queen of the yorkshire...

Documents