Ocean View Sandown, Isle of Wight, England, United Kingdom Room £89,950 | €101,923 | $120,330 Request a Currency Exchange Quote Here

Invest in a luxury retirement property in Sandown designed to meet demand from the Isle of Wight's ageing population. Suites at Ocean View start from £89,950 with a net return of 10% per annum. Reserve units for just £2,000.

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Map
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Property Attributes

Amenities & Services

Swimming Pool

Property Features

Garden, Landscaped Gardens, Stables, Views

Lifestyle features

Spa, Coastal, Development

Building Characteristics

1950s, Sea View
Property Description ID:28658558

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.

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    Important Property Information

    Available Units

    Room
    • GBP Price: £89,950
    • EUR Price: €101,923
    • USD Price: $120,330

    Key Selling Points

    • Purchase from £89950 to £149950
    • 10% fixed returns per annum
    • 5 year buy back at 110%
    • 10 year buy back at 125%
    • Located on the Sandown seafront on the Isle of Wight
    • Reserve a unit for just £2000
    Mortgage Information
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