Due to the current pandemic and the UK public being reluctant to travel abroad, UK holidays, staycations etc are set to increase. Internet searches for cottage breaks and short term lets within the UK are already up 40% from this time last year (May) and bookings have increased 33% from 2019. Also the drop in the value of the pound has grabbed plenty of headlines over the past month, and with sterling hitting its lowest level against the dollar for 35 years this makes it cheaper for overseas investors to buy property in the UK. The Welsh Regeneration Investment programme is providing £100 million of capital funding across Wales to support regeneration. This funding is supported by an estimated further investment of at least £60 million from other organisations and businesses, this provides an overall boost of £160 million to communities all over Wales.
TRG is a boutique developer with over 30 years experience in the residential and pbsa development industry, having sold over £20m worth of property. Hands on and knowledgeable of the areas they develop, TRG provide investors a solid company in which to invest.
Trinity is located just a few minutes walk from not only Colwyn Bay train station but the promenade. Being a conversion of a former chapel this luxury development is not only situated in an ideal position for short term lets providing the investor with an achievable 10% net yield. Not only is the location ideal for good potential for high returns but the style and conversion including the eye catching original facade and sympathetic restoration of the former building will add strength to its potential for capital appreciation in the future.
Investors can choose, from 1 of 3 remaining 2 bedroom and 2 bedroom duplex apartments throughout the historic but stylish building. Finished with antique style wooden flooring, video entry security, contemporary kitchen units, fitted wardrobes, stone worktops, elegant carpets and much more.
For a full information pack including brochure, floor plans, prices, comparables and more, please click more details or call 01244 343 355
View more of our buy to let investments here.
**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
what3words location /// flock.snail.hulk
|Converted Former Chapel|
|Over 10% NET Yields achievable|
|Short Term Lets allowed in Lease|
|Fantastic Location close to amenities|
|Good potential for capital appreciation|