Olive Tree launch unique development at Tatland Bay, Cornwall

Olive Tree International Property is proud to announce the official launch of a brand new property investment opportunity at Talland Bay in Cornwall.

“We are confident of the delivery of this development as this is a developer we know well”, says Richard Brady, Managing Director. ”It is also in a prime spot which we feel is unsurpassable”.

This is only the third UK development that Olive Tree International has selected since April 2005, as before commitment they take into account quality, growth potential, rental opportunities and something a “little special”. Without a doubt Talland Bay ticks all the boxes.

Talland Bay is to be a combination of two, three and four bedroom holiday homes; detached, semi detached and courtyard “mews style” homes. Some homes will boast spectacular views to the sea, all within a short walk to the beach.

Since 2001, house prices in the UK have risen 90% compared with a 40% increase for the eurozone as a whole over the same period.

A number of UK resorts have experienced a surge in growth in recent years, with Devon and Cornwall proving particularly popular.

“The location of this development (previously a very popular caravan site) and quality of build is the key to growth and rental opportunity”, added Richard.

Certainly the Business Partners of Olive Tree International agree, as between them they have bought a total of 7 units during their inspection visit!

Talland Bay is located close to Looe and Polperro, with Newquay just 39 miles away. The site is close to the famous golf course of St Merrion and the world renowed Eden Project. Foye another property hotspot is just 8 miles away. There is plenty of unspoilt open countryside for a variety of outdoor pursuits. There are also 20 restaurants within a 10 mile radius with the nearest town for local needs being less than 2 miles away. Journey time from Paddington to Plymouth by train is 3 hours 18 minutes. There are flights to Plymouth from London, Bristol, Dublin, Cork, Manchester, Belfast and Leeds for £40 or less.

Prices
These range from £280,000 for a two bedroom terraced courtyard style home, to £350,000 for a three bedroom detached hillside property with sea views.

Rental Potential
The site used to be a static caravan park so there is a track record of rental demand. Currently ‘Talland Bay Caravans’ has up to 35 weeks a year rental season and during the summer months had 100% occupancy, with the anticipated rental income ranging from £650 per week to £1,500 per week in peak season. The potential to rent homes at Olive Tree’s, Talland Bay are therefore, based on local track rental records, making these an exceptionally good investment opportunity.

For more information, visit olivetreeworld.com.