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Originally Posted by Wilto
A business colleague of mine has purchased an apartment in Bonnington Tower which is actually an aparthotel. The building work is due to finish late 2007/early 2008 and he is considering off-loading the property in the next few months. I have been looking for an investment opportunity and the fact that this is run by a hotel as the management company appealed to me. He has also paid for a parking space. He says he paid £100k for the lot including furnishings but is now off to find out its true worth to sell.
Is this something I should be looking at? Are there any other Bonnington Tower purchasers out there who can advise me - and also what sort of price should I be paying? (By the way it is a 1 bedroom apartment)
Thanks.
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Hi wilto,
i have bought not in bonnington tower but bonnington jumeirah village. Mine is a 2 bed due for completion in 2009. Apparently, bonnington tower was the most expensive when it launched (in that area) so if you are looking for gains it is unlikely, secondly how much of a rush are you actually in? think of the payment plan (it will be heavy). My advice is to go for bonnington jumeirah village instead, slightly cheaper and not a heavy paymenmt plan same apt/hotel thing and in my opinion better thought out ( 4 floors each not high rise). For further info google bonnington estates.