Complex Gerrard House

Gerrard House is a furnished apartment with a guaranteed income in a pension for seniors in a very beautiful place in South Wales - in the city of Port Talbot, next to the Aberawon beach in the Gulf of Bristol. The guesthouse complies with the standard *****. The pension has 32 apartments, each with private bathroom. The apartments are suitable for both temporary relaxation and long-term accommodation with medical care. There are all necessary services for the elderly 24/7. Apartment management is carried out by a specialized operator with a CQC license. The average cost of living for guests is 1,150 per week. Great offer for investors!

Financial performance:

• Price: From 74,950 (€ 84,866)
• Guaranteed income for 10 years - 10% per annum
• Payments of investor choice - every month or every quarter
• Ownership Status - Leasehold for 125 years
• The contract prescribes a guarantee for the buy-back option - the ability to exit the investment in 5-6 years with an increase in property value by 10%, 7-8 years - 15%, 9 years - 20% and 10 years - 25%
• When buying a commission, the investor does not pay

Port Talbot is a port city 11 km from Wales' second largest city, Swansea. The city is rich in attractions (castles Aberawon and Margham, the holy source of Ffynnon Pedr), and also has picturesque nature and a mild climate. There are several sports teams based in the city, including the Port Talbot Town Football Club, which plays in the Premier League of the Wales Football Championship.