The Bath House is the last phase of a revamp of The Penallta colliery (see below) and this mixture of 1 and 2 beds are a beautiful and sympathetic conversion of the existing brick buildings and are going to be built to the highest specifications. Situated just 7 miles from the Capital of Wales (Cardiff) for the AST commuter belt and the corporate let market, but also just 20 minutes from the Brecon Beacons National park and coastal area of Ogmore and Southerndown, it also hits the mark for a very active tourism market, being surrounded by mountains, farmland and parkland, this provides numerous walks and cycling paths. Caerphilly Castle, famous for its precariously leaning tower, is only five miles away. The area has seen significant growth in the past 5 years of 23% with 8% last year alone.
The Penallta Colliery has stood at the heart of the Rhymney Valley for over one hundred years until it sadly closed in 1991. For many years the future of this site was uncertain. The developers, Greystone Capital, took over the site and have taken about to restoring the historic buildings back to their former glory. These stunning listed buildings have now been transformed into a unique residential area. This provides investors a rare opportunity to purchase a piece of this historic site with a range of 1, 2 and 3 bedroom homes available. The Penallta Heritage site is situated on the outskirts of Ystrad Mynach which is located within the Rhymney Valley in South East Wales.
25 apartments in total. The development provides luxury finishes with original features being retained from the former Colliery days. Residential Estates is pleased to be able to offer 1 x one bedroom apartment and 9 x two bedroom apartments. The properties are spacious with many of the two beds being over 2 floors. Parking is included in the price. The Flexible lease that allows for short term lets giving investors multiple revenue stream potential.
*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
**The provision of lender finance for your purchase is dependant upon individual circumstances and cannot be guaranteed. We advise you to obtain independent financial advice before entering into an agreement upon which you will be relying upon lender finance. Any decision to proceed with lender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase.
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|High Quality Finishes|
|Original Features Retained|
|Historic Sympathetic Conversion|
|Parking Included in Price|
|NET Yields Projected upto 15%|