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PROPERTY ADVERTISING FEATURE


W Pension change heightens


interest down by the river CONSIDER THE MULTIPLE BENEFITS OF OWNING A PROPERTY AT BATH RIVERSIDE


ith rules on pensions being relaxed in the last budget, developers at the South West’s leading regeneration project are


advising those considering retirement to look at how investing in property could provide them with a comfortable lifestyle after their working years are over. From April 2015 all restrictions on access to pension pots will be removed, meaning those who have saved throughout their working lives can use the fund as they wish.


The team at Crest Nicholson’s Bath Riverside project are now suggesting those who are considering their options take a closer look at the popular waterside development which has already attracted investors wanting a decent return. With some of the steepest rent rises in the country and average year-on-year increases actually outstripping the capital, Bath has emerged as one of the top property investment locations in the UK, outside of London. Currently, properties take just over a week to let, indicating a healthy rental sector, and yields averaging between five and six per cent a year, alongside capital gain growth, make for quite the compelling proposition.


“Some believe that as pension rules are 104 Bath Life www.mediaclash.co.uk


loosened, individuals will need to show great restraint to avoid depleting their savings,” says Susan Young, sales and marketing director at Crest Nicholson. “But it hardly seems logical to squander away your savings, having spent years working hard to build up a nice nest egg. The freedom to choose where to place savings should be welcomed and we’re advising those reaching retirement age to consider Bath Riverside.


“Investing in a property not only provides the owner with a decent monthly income but enables them to invest in something that their family will be able to benefit from in the future.


“The riverside location also offers the advantage of being within easy walking distance of all the shops, restaurants, theatres and bars of Bath, as well the railway station and is very attractive for potential tenants.”


Susan said yields were as much as


20 per cent higher in new properties. With void periods much shorter and maintenance costs lower, buying a new property at the development makes for a very attractive retirement package. Sales to date total around 180 properties on the 44-acre site, with a further 1,700 scheduled for the development which is expected to take at least another 12 years to complete. “As we continue to make progress on further phases, new apartments will become available and will provide a great alternative to traditional pension options,” Susan added.


“Some people have even bought a second apartment for themselves in addition to their investment property and clearly demonstrates the attractiveness and quality of Bath Riverside.” BL


For further information please call 0845 8945888 or visit crestnicholson.com/ bathriverside


The Sales and Marketing Suite on Victoria Bridge Road is open daily from 10am to 5pm.


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