Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
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This Grade II listed building was previously the birthplace of British ex-Prime Minister Sir Anthony Eden. It will be sympathetically renovated to transform it into a luxury retirement property.
Investors can purchase a suite in Windlestone Hall from £117,500 and receive 10% returns over a ten year commercial lease.
The hall will undergo sympathetic refurbishment to create a selection of around 45+ spacious en-suite apartments. The extensive grounds the hall sits on will be utilised to create a further 40 luxury apartments and is located close to the North York Moors, Yorkshire Dales and the North Pennines Area of Outstanding Natural Beauty. Each will be sensitively designed to be in-keeping with the building’s original design and architecture.
The luxurious nature of the investment means that residents will have the opportunity to partake in various high-brow social activities such as wine tasting and fine dining. Regular excursions to the surrounding countryside and the county town of Durham will take place, and for those who prefer to remain onsite, there is also a gym, cinema room and salon.
Windlestone Hall – Luxury retirement home in Durham investment fundamentals
The north east has a high percentage of elderly inhabitants. County Durham particularly has high percentage of over 65s, accounting for around 19% of the overall population. Since 2001, the number of over 65s has increased by 21%, which is more than the regional increase of 14.6% and the national increase of 18.8%. Those aged 65+ are expected to increase from 1 in 5 people in 2013 to 1 in 4 by 2030.
Retirees are attracted to the county due to its proximity to many national parks and Areas of Outstanding Natural Beauty, rural location and slower pace of life compared to surrounding counties.
Contact us today to find out how this rapidly growing pool of over 65s can positively benefit your investment.