Ocean Spray Hotel, Miami

The charming boutique Ocean Spray Hotel is poised in a refreshing and quiet area on the beachfront. Ocean Spray was renovated in 2003, is now under new management which includes a refurbishment throughout.

Apart-hotel located in the popular South Beach area, minutes from the beach. Investors can acquire individual refurbished apartments with proven rental record. Capital appreciation in the area has been 20% in recent years and rental returns of between 8-13% are expected, based on 70% occupancy. Entry costs are low and only 10% deposit is required to hold each unit.

This is a perfect buy to let offer, with a low entry cost of 10% to hold the unit. Miami beach has always and will continue to be a popular holiday destination and as the management continues to improve at Ocean Spray, so will the revenue and capital appreciation which should also make for good resale potential.

The Intracoastal Waterway, Atlantic Ocean and the Bal Harbour are nearby attractions. You can enjoy the famous clubs, restaurants, shopping and lots more, which are spread around the hotel. The hotel has a fresh and crisp look of comfort without altering the integrity of its history.

In 2003, a complete renovation has innovatively blended the beauty of the structure and the integrity of its history with a forward design of art deco accents, combined with Italian furnishings. The result is a fresh and crisp look of comfort while keeping this south beach hotel subtly trendy

Miami Beach is a popular holiday destination and should ensure that Ocean Spray achieves strong capital growth and rental yield in this year round resort area.

Development Features:

• Country: USA
• Region: Miami
• Location: Miami Beach
• Price: from $142,200

Reasons To Invest:

• Under new management
• Prime location in Miami beach
• Up to 6 months personal use
• Water views from both sides
• Fully furnished
• 2 mins away from the beach

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