Golden Triangle set to receive economic boost
The affluent area of West and North Yorkshire known as the Golden Triangle is set to receive a much welcomed economic boost in 2010.
Planning permissions for the 5* Flaxby Golf & Country Club and associated road improvements were passed at Harrogate Council’s Planning Committtee meeting last week (30th March 2010) enabling the developers, the Skelwith Group, to commence work on the main hotel site.
Paul Ellis, Skelwith Group’s MD, commented:
“The contractor is signed up, we have a first class hotel operator on board and funding secured. This is the last piece in the jigsaw to bring this fantastic development to fruition and to make it a reality.”
Over 250 construction workers are expected on site at any one time and up to 400 jobs will be created when the hotel is operational in late 2011 providing a massive boost to the local and regional economy. In addition the bars, restaurants, luxury spa and boutiques of the 240,000 sqft development set around an existing 27-hole golf course will generate further employment.
Steven Worboys, MD of UK investment property experts Experience International who are selling the attractive hotel room investment, comments:
“The Flaxby Resort has been one of the most sought after investment opportunities over the last 12 months with 90% of units already sold out. The quality of the hotel, prime location and superior service will ensure that the Flaxby will become a jewel in Yorkshire’s crown.”
Limited Availability
With final planning permissions in place and construction imminent, now is the perfect time to capitalise on this unique investment opportunity. There are only a few remaining hotel room investments available at current prices featuring:
- Junior doubles from £249,950
- Only 20% deposit required
- 6% per annum paid on deposit (during construction)
- Deposit protected with Zurich policy
- 60% min income over 10 years GUARANTEED* (on completion)
- Non-status finance available
- SIPP eligible
*Gross income based on a minimum guaranteed income of 6% p.a. before costs and mortgage payments
For more information on hotel room investment call +44 (0) 207 321 5858.
Filed Under: featured • News • Property news • Top Developments
