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For Sale 1 Bedroom 1 Bathroom 1 Reception From £79,950

Barrington Road, Torquay, TQ1 - From £79,950

  • *Retirement Home Investment Opportunity*
  • Care Studio From £79,950
  • High Yielding Asset Class Delivering 10% Net Returns
  • Reserve Now From £2000
  • Income Paid Monthly
  • Hands-Off Investment
  • 125% Buy Back Guarantee In Year 10

SEABANK | CARE STUDIO FROM £79,950

High yielding asset class delivering 10% Net returns.

INVESTMENT OVERVIEW

* Units start from £79,950

* Almost a quarter of Devo's population is aged 65 or over

* Reserve now from £2000

* Income paid monthly

* Hands-off investment, situated in the stunning English Riviera

* High yielding asset class delivering 10% Net returns

* Increased flexibility with more buy back options at an elevated price from 5 years onwards. 5-6 Year = 110%, 7-8 Year = 115%, 9 Year = 120% and 10 Year = 125%.

The Seabank in Torquay will be transformed into a luxury lifestyle retirement resort. Offering 38 suites, secluded gardens and a Mediterranean spa it will be available for long and short-term guests - with an option to access to 24/7 professional care packages.

Torquay is a traditional yet thriving seaside town set on Devon's English Riviera coast. With its iconic palm trees, busy harbour, international marina, sandy beach and wonderful array of continental style cafes, restaurants and cocktail bars, the scene is set for the perfect Devon seaside break. The Guardian described it as one of "Britain's most booming seaside towns, undergoing a style revival".

WHY INVEST IN CARE HOMES?

Residential care home sector is currently worth L15.9 billion and is currently struggling with the high demand of elderly people needing a home. For the first time the amount people in the age group over 60 (currently 14million) is now outnumbering the under 16 age group (currently 11.5million).

Between 2012-2032 the population of over 85s (the primary users of care homes) is expected to increase by 106%, and the total number of older people with care needs is expected to increase by over 60%. There is growing demand for modern, fit-for-purpose care homes, funded by private investment.

REGISTER YOUR INTEREST

With our other developments quickly selling out, contact our investment team today to register your interest in this luxury studio development on 0330 223 0331. ...Read Less

The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above £125,000 and up to £250,000 2 £ 0
Above £250,000 and up to £925,000 5 £0
Above £925,000 and up to £1,500,000 10 £0
Above £1,500,000+ 12> £ 0
*This is for illustrative purposes only

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