Properties that are ready for an immediate occupation at Bath’s leading new property development will provide canny investors an ideal opportunity to make the most of favourable rental conditions in the world heritage city.
In addition, with a guaranteed rental yield of six percent for two years, makes investing in bricks and mortar a very attractive proposition.
Danielle Simpson from Crest Nicholson said: “The rental market in July and August has historically been extremely buoyant in Bath when potential occupiers – including international students starting their studies at the city’s two universities – look in earnest for somewhere to live, and the attraction of living in a brand new property has not gone unnoticed by potential investors.”
Those considering investing in property are now being steered towards Bath Riverside, the waterside development which, with its central location and high-end spec, has appealed to tenants looking for somewhere suitable to live.
Availability at the award-winning development currently includes a selection of two-bedroom apartments in the Royal View phase, often seen as the preferred choice for investors.
Danielle added: “July and August has traditionally become a peak time when potential tenants look for somewhere to live. This ties in perfectly with the fact that some properties are ready to move into now.
“Bath Riverside also offers investors the best opportunity in the area, consistently delivering higher returns than any other development.
“The properties available are ideally suited to today’s typical tenant and its central location is also ideal. The fact that a lot of the apartments in Royal View are ready now presents the perfect blend for investors.”
Danielle is also keen to point out that those looking to invest see new properties as the preferred option as, unlike older properties, they don’t come saddled with hefty maintenance bills.
With yields being higher in new properties than old, void periods much shorter and maintenance costs lower, buying a new property at the development makes for a very attractive investment package.
She added: “The pledge of this highly attractive return means investors will know precisely what they will get back should they decide to place their money in what has become the South West’s most acclaimed city-centre, waterside development.
“Bath Riverside offers investors the best opportunity in the Bath area and consistently delivers higher returns than any other development.
“The unique riverside location offers a flat, level walk into the city centre with all the shops, restaurants, theatres and bars as well the railway station, it is always of interest to prospective tenants.”
For further information please call 01225 463517 or visit www.crestnicholson.com/bathriverside
The marketing suite on Victoria Bridge Road is open daily from 10am to 5pm.