Completion uncertainty pushes investors towards Bath
Investors pondering whether to place their hard earned cash in bricks and mortar following the referendum vote are being guided to the historic city of Bath and in particular a brand new development called Bath Riverside.
Built by Crest Nicholson Regeneration, completions at the multi award-winning development are continuing on a daily basis, providing assurance to investors that they won’t have to wait for build work to finish before they can start getting a return.
News that properties are available for immediate purchase at the waterside development coupled with the opportunity to get the stamp duty paid for is now making canny investors, looking for favourable returns, sit up and take notice.
Mary Timlin, sales and marketing director at Crest Nicholson said: “The referendum result has made some buyers hold back from placing deposits on properties that aren’t yet built.
“It’s important however that buyers are aware that the build programme here at Bath Riverside is progressing well with some properties ready for an immediate occupation.
“This is an attractive proposition for investors wanting to get tenants in as soon as possible.
“In addition to the fact that there is no lag on completions to have the stamp duty paid will for example save £19,200.”
Within walking distance of Bath city centre and Bath Spa railway station – which is ideal for commuters - a burgeoning student population has placed additional pressure on the city’s rental stock.
This will add further to the appeal of the development to those looking to place their cash in bricks and mortar which, with its central location and high-end spec, has appealed to tenants looking for somewhere suitable to live.
Mary added: “Tenants who live here will have the advantage of having everything right on their doorstep and is why we believe Bath holds all the cards when it comes to tempting investors.
“We know as well that Bath Riverside is the location of choice for those looking to rent in Bath and with limited stock currently on the market means there is a ready supply of tenants keen to move in.
“Striking now would therefore mean getting the most from the investment not only in terms of potential equity, but future rental returns.”
For further information please call 01225 463517 or visit www.crestnicholson.com/bathriverside
The marketing suite on Victoria Bridge Road is open daily from 10 am to 5pm.