Needham House Hertfordshire – ID: 6906295
Property Gallery and Description
The Needham House hotel investment is a completed hotel project providing 10% net returns with the benefit of non-status finance just 30 miles north of London.
Rooms in the Needham House hotel investment are competitively priced 22% below a recent RICS valuation. Investors can choose between a room income split or a guaranteed return for 10 years and also have the option of non-status finance. A defined exit strategy is also offered at the 5th anniversary of completion.
The Needham House hotel investment is the merger of two successful businesses, which will be managed by a specialist operator to deliver investors excellent returns. Investors will complete from March 2013 with the prospect of immediate income.
The hotel and conference facilities are to be refurbished and there are plan to extend the facilities further to enhance the potential for the hotel and revenue. The hotel will target the corporate market under the guidance of leading European conference company, Chateauform, who will provide superb conference facilities for their blue chip clients and also weddings.
Needham House already features 6 well-appointed meeting and conference rooms with a capacity of 20 to 300 delegates. The conference centre will be developed during 2013, extending by an additional 12,800 to 15,000 square feet and bringing the facilities up to the standard demanded by Chateauform's clients with up-to-date multi-media facilities and a high standard of catering. The exterior of the conference centre will be lightly refurbished, re-instating the Georgian façade to bring back some of the original character of the building.
Location is paramount to any successful conference centre. Needham House boasts an enviable location just 30 miles north of central London, in the picturesque village of Little Wymondley, with easy access to the road network on the nearby A1(M). Rail links are good, with London's Kings Cross just 20 minutes away from Stevenage main line station, with 7-8 trains per hour during peak times. Luton Airport is only a 20 minute journey and Heathrow is about an hour.
Needham House was built in 1911 and is named after the original land owner, James Needham, the accountant, surveyor-general and clerk of King Henry VIII, who was granted Wymondley Priory in 1537. During this time, Needham was responsible for overseeing the works and alterations at the King's manors of Otford, Knole and Petworth. It is in honour of his work in King Henry VIII court that Needham House is named. Needham House, formerly Blakemore House, was built in 1911 by Major Thomas Clemens Usher for his new bride as a grand private mansion in the Georgian style.
Availability is strictly limited to just 69 units, therefore we advise investors to act promptly to avoid disappointment.