Assetz is giving investors the chance to capitalise on the current market, with the launch of an exclusive development that encompasses the best that Ireland has to offer.
The 17-acre Knocktopher-Abbey scheme is the refurbishment and expansion of an established and successful 13th century Abbey holiday resort, offering investors a guaranteed 6% net yield for the next ten years, in addition to four weeks’ personal use each year. A year ago, investors on residential schemes in Ireland were earning net yields in the region of 3%.
Stuart Law, Managing Director of Assetz said: "Many investors are now taking a long-term view of their portfolios and are still attracted to the security of bricks and mortar. Gone are the days of making a quick profit on capital gains. The Knocktopher Abbey development offers a high net income over a long period and with the guaranteed rental income, investors can easily pay back any borrowing on the investment in order to reap the full rewards from their purchase.
"The operator, Seasons, has been running this site successfully for over 10 years and is delighted to offer a rental guarantee due to the strong and reliable tourist demand they experience on the site – with around 90% occupancy last year. Selling apartments and cottages on the site permits them to expand the resort further to meet this demand.
"Knocktopher Abbey is much more than an investment opportunity – it is also a lifestyle choice which appeals to British and American investors in particular who are keen to buy a slice of historic Ireland. There is a shortage of high quality, historic property available in Ireland, and this development offers the investor a holiday home, in addition to the opportunity to use one of the many other reciprocal properties."
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