Buy-to-Let Hotel Room
Discussion
I've seen a few ads recently on buy-to-let investments around the city of London. Has anyone invested in hotel rooms? They are advertising a return of 5-6%.
How does it work? So you purchase a room, presumably the hotel takes cares of renting out the room to hotel guests as per usual and the cleaning and repairs etc. Is there a surcharge for this?
Also are these rooms sold on leasehold or share of freehold basis and do the usual service charge and ground rent still apply?
How does it work? So you purchase a room, presumably the hotel takes cares of renting out the room to hotel guests as per usual and the cleaning and repairs etc. Is there a surcharge for this?
Also are these rooms sold on leasehold or share of freehold basis and do the usual service charge and ground rent still apply?
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