St Austell is a lucrative luxury care home investment that offers a high quality lifestyle for residents and high quality returns for investors.
The development is located in Cornwall, one of Britain's most popular retirement destinations, due to its beautiful expanse of beaches, coastlines and countryside.
The county offers a slower pace of life compared to the rest of the UK, and it also enjoys the mildest and sunniest climate. With the region home to the country's highest percentage of the population at state pension age and above, though, there is a strong demand for care accommodation.
St Austell is uniquely positioned to cater to that need, attracting residents who wish to spend their twilight years in beautiful surroundings enjoying excellent company. All suites will be furnished to the highest specification and will be equipped with a nurse calling system, Wi-Fi, a plasma TV and a fridge. It will offer various social and leisure activities to residents, including fine dining and the opportunity to cultivate seasonal produce.
The benefits for investors are equally unique: one of small number of luxury care homes, such niche properties with a high proportion of self-paying residents have proven to be excellent investments, as they often achieve higher profit margins compared to care homes with a high number of residents reliant on support from local authorities.
Investors can purchase units from £85,400 and enjoy 10% NET returns over a 10-year commercial lease.