Amenities & Services
To accommodate the increasing number of over-50s living on the Isle of Wight, there is a new opportunity to invest on a luxury retirement property in Sandown.
The Isle of Wight has the UK's second highest proportion of over-50s (45%), according to Experian, and this is set to rise to 51% by 2029. One particularly popular area among retirees is the seaside resort of Sandown.
Ocean View is situated on Sandown seafront and offers fine dining experiences, a heated swimming pool, hair and beauty salons, a gym, spa and beautiful landscaped gardens. The 96-bed development will be transformed into 54 studios and apartments and provides a mix of supported breaks, short stays and longer stays for those in later life.
Full occupation of the units is anticipated, due to the Isle of Wight’s aged population and Ocean View's superior location and facilities.
Suites start from £89,950 with a net return of 10% per annum, paid as monthly income over a 10-year lease. The attractive returns are complemented by two buy-back options: 110% at year 5 and 125% at year 10. Units can be reserved for as little as £2,000.