10:01 AM, 15th May 2018, About 5 years ago
Abbot Hall is a former hotel that will be transformed into a luxury lifestyle retreat consisting of 50 suites and lodges for both long and short-term residents. The rooms will have magnificent views of the mountains and the sea.
Abbot Hall is situated in Grange-over-Sands, a peaceful seaside retreat situated on the tip of Cartmel peninsula just 7 miles from Windermere the largest natural lake in England. The location of Abbot Hall makes it perfect for those who wish to explore the area and take in the stunning sites. Cartmel itself is renowned for being a “foodie” destination, and has been featured on various television programmes such as The Trip and Countryfile.
Windermere has become one of the most popular places in the country for holidays and summer homes since the arrival of the Kendal and Windermere Railway branch in 1847. Coupled with the “super-ageing” population of the county (almost 25% predicted to by ages 65 or over by 2020) means that it is an ideal location for a retirement retreat.
Britain’s over-65 population is predicted to grow four times faster than the general population over the next five years, and in England alone, the over 60s have £1,200bn in unmortgaged housing wealth. Savvy investors are recognising the lucrative nature of luxury retirement homes as many wealthy elderly people are looking to downsize, so these units sell out very fast – the last development sold out within a day of launch. This means that there will be a sustainable demand in the long term.
Due to the weak pound, it is expected that more and more people will choose domestic holidays instead of going abroad. This only adds to the demand of those wishing to stay at Abbot Hall for a short-term luxury retreat rather than traveling abroad.
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