Residential Investments for sale in Colwyn Bay

View the "Luxury Converted Chapel Ideal for Holiday Lets" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Luxury Converted Chapel Ideal for Holiday Lets

Colwyn Bay, Clwyd, Wales

  • Leasehold Price: £76,820
  • Annual Turnover: £10,644
Seller Reference: trinitycolwynbay
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Business Description
 
 
 
 
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Seller Reference: trinitycolwynbay
Request Details
Business Description
Limited Availability - ONLY 19 APARTMENTS
CAPTIAL APPRECIATION
HIGH YIELDING POTENTIAL
SUITABLE FOR HOLIDAY LETS / SHORT TERM LETS / CORPORATE BOOKINGS

We sold 8 apartments in less than 24hrs of launching this amazing opportunity to our clients.

Due to the current pandemic and the UK public being reluctant to travel abroad, UK holidays, staycations etc are set to increase. Internet searches for cottage breaks and short term lets within the UK are already up 40% from this time last year (May) and bookings have increased 33% from 2019. Also the drop in the value of the pound has grabbed plenty of headlines over the past month, and with sterling hitting its lowest level against the dollar for 35 years this makes it cheaper for overseas investors to buy property in the UK.

This has huge capital appreciation and high yielding potential and is an investment not to be missed, with only 19 apartments in total, in this unique conversion.

Why Colwyn Bay?
The Welsh Regeneration Investment programme is providing £100 million of capital funding across Wales to support regeneration. This funding is supported by an estimated further investment of at least £60 million from other organisations and businesses, this provides an overall boost of £160 million to communities all over Wales.

The Developer
TRG is a boutique developer with over 30 years experience in the residential and pbsa development industry, having sold over £20m worth of property. Hands on and knowledgeable of the areas they develop, TRG provide investors a solid company in which to invest.

The Development
Trinity is located just a few minutes walk from not only Colwyn Bay train station but the promenade. Being a conversion of a former chapel this luxury development is not only situated in an ideal position for short term lets providing the investor with an achievable 10% net yield. Not only is the location ideal for good potential for high returns but the style and conversion including the eye catching original facade and sympathetic restoration of the former building will add strength to its potential for capital appreciation in the future.

Investors can choose, if they hurry, from only 19 apartments, a range of studios, 1 bedroom, 2 bedroom and 2 bedroom duplex apartments throughout the historic but stylish building. Finished with antique style wooden flooring, video entry security, contemporary kitchen units, fitted wardrobes, stone worktops, elegant carpets and much more.

DO NOT MISS OUT...
Enquire now, for a full information pack including brochure, floor plans, prices, comparables and more, call 01244 343 355

**Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase
Tenure:
Leasehold
Location Details:
Located just minutes from the Train Station and the Promendae
Leasehold Term:
250yrs
Listed by:
Residential Estates
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