Property investors are being lured to Bath’s leading new property development where the promise of a 6 per cent yield is being guaranteed for a 24 month* period.
Available at Crest Nicholson’s Bath Riverside the opportunity to secure the eye catching returns is likely to tempt canny, cash heavy investors to what is regarded as one of the best examples of inner city regeneration in the UK.
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.
Availability at the award-winning development currently includes a selection of one and two-bedroom apartments in Alexandra House, often seen as the preferred choice for investors.
The urgency to act now has been heightened further by the fact that the Alexandra House apartments are set to be the last properties of this type for at least two years, so anyone thinking about investing are being advised to do so before it’s too late.
Christine Hamilton, Crest Nicholson sales advisor said: “With conventional investments continuing to produce disappointingly low returns, opinion suggests that a far more attractive return is offered by investing in property – and in particular new-build properties.
“Bath Riverside offers investors the best opportunity in the area, consistently delivering higher returns than any other development. As well as a whole host of aesthetic considerations we are guaranteeing investors a 6 per cent yield for 24 months.
“The properties available are ideally suited to today’s typical tenant and its central location is also ideal.
“For those who might work further afield, the train station is also close by. And with work to electrify the main line from Bath to London well under way, will reduce further commuting times for those who might have to travel to London for work.
“There are many reasons why someone who is interested in investing in property might choose to look at a new building, rather than an older one. The most obvious is that they can expect there to be virtually no initial maintenance costs - always a tremendous benefit for a landlord.
“Also, the first impression made on potential tenants of an immaculate new building is likely to be very favourable.
“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.
“Striking now would 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.
* Guaranteed 6 per cent yield for first 24 months based on top up from minimum rental achieved