Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
Ocean View is a luxury retreat for the over 50s situated on Sandown Bay on the Isle of Wight. Due to the Isle of Wight being such a popular destination for older holidaymakers, a 10% net rental income for 10 years is guaranteed.
Residents can fully relax and enjoy fine dining experiences, a heated swimming pool, hair and beauty salons, a gym, spa and beautiful landscaped gardens. The existing building will be transformed into 60 studios and apartments and provides a mix of supported breaks, short stays and longer stays for those in later life.
Suites at Ocean View Sandown start from £89,950 with a net return of 10% per annum over a 10 ten years lease. The attractive returns are complemented by two guaranteed buy-back options in years 5 and 10 at 110% and 125% respectively. Units can be reserved for as little as £2,000.
Why Invest in Retirement Property in the Isle of Wight?
A quarter of the Isle of Wight’s population is aged 65 or over. As young people are leaving the island to chase jobs on mainland Britain, elderly people are settling on the island to take their place. Enquire today using the contact form below to find out how such a high percentage of over 65s can result in a lucrative opportunity for investment.