A brace of apartments at Crest Nicholson’s Harbourside development in Bristol are being offered to investors with a guaranteed 12 month rental income.
It will mean those who take up the offer will have Crest Nicholson as a tenant who will lease the properties back for the 12 month period.
The unique opportunity has been fine tuned to appeal to investors returning to the city’s thriving rental sector and is available on two apartments in the development’s Invicta phase.
Offered to those looking for an alternative pension vehicle or a prime city-centre asset they will deliver a guaranteed income for twelve months.
Susan Young, sales and marketing director at Crest Nicholson, said the sale and leaseback scheme fulfilled a specific niche in Bristol’s rapidly recovering property market.
She said: “Bristol is the clear capital of the South West and remains a highly attractive area to live in. It has a strong economy and steady property prices so it is seen as a safe place to invest.
“Recent movements in house prices have led many investors, and those who may not have considered buying property for investment, to think about buy-to-let opportunities such as these.
“Increasing demand for rental properties and the opportunity for capital growth is encouraging many to buy for investment or as an alternative pension vehicle.
“By basing the offer around two show apartments we believe investors will see for themselves the space and quality of the accommodation at Invicta.”
Competitively priced at £249,950 (plot 4001) and £239,950 (plot 4005) the two-bedroom apartments are ideally situated for professionals or couples seeking a comfortable home close to Bristol’s commercial centre and waterfront.
Susan added: “Recent reports have underlined the fact buyers and investors are returning to the market in numbers and by offering quality apartments on a sale and leaseback basis the buyer retains all his or her options.
“We will guarantee their rental income for 12 months at the end of which the buyer can decide to find another tenant at the going rate, move into the property themselves or sell it on at the market price.
“With prices continuing to recover to something of their pre-recession levels, we are confident investors will have no difficulty in identifying the best option when the leaseback scheme ends.”
Harbourside’s attractions include close proximity to Park Street and Queen Square as well as the City Centre and Temple Meads. There are also numerous restaurants, bars and galleries close by which all adds to the varied and mixed nature of the development.
Susan said: “Properties at Harbourside tick a lot of boxes for those looking to rent in the city. Being within easy walking distance to the city centre is ideal for those who work nearby. Those who live here also have the advantage of having everything right on their doorstep. “No other development in Bristol is in such a convenient location and no other development can offer properties that are located right on the waterside. These are just some of the reasons why Harbourside has proved so popular to investors and why anyone who’s thinking about investing need to get in touch now.” Located on Canons Way just off Anchor Road, Invicta is spread over five floors and the new marketing suite is open every day from 10am to 5pm. Prices at Invicta, the latest phase of the Harbourside development, start at £134,500. For further information please visit www.harbourside.co.uk or call 0117 908 8888.