Super South Devon provides safer alternative
A shocking 53 per cent of Britons with holiday homes abroad are now struggling with growing maintenance costs and exchange rate volatility. It is anticipated that a significant number of these people will be looking for more financially viable solutions closer to home, so Coast Group is offering buyers at its exclusive South Devon development, Gara Rock, a number of incentives to ensure owning a second home in the UK is as simple and financially rewarding as possible.
Robert Walker, a director of a successful exporting business, has been looking to invest in a second home for a number of years. He became interested in buying in the UK after he heard many Britons were struggling to cover the costs of a second home in Europe.
He comments: “After seeing the stress and pain that so many endure trying to maintain, let and sell second homes in Europe, I wanted to make my holiday home investment as simple and carefree as possible. When I heard that Coast Group would arrange the leasing of my Gara Rock cottage on my behalf and guarantee me a rental income of five per cent per annum, I could not believe my luck.”
Mr Walker is just one of the buyers who will benefit from a number of incentives offered by Coast Group. In addition to a guaranteed rental income for three years, Robert plans to utilise the Gara Rock concierge service provided a fully comprehensive maid service, arranges transport, delivers luxury welcome hampers and can even stock the pantry with groceries before weekenders of holidaymakers arrive.
Mr Walker continues: “Another advantage of purchasing at Gara Rock is that a number of the properties can be purchased fully furnished. I had the option to buy a lovely cottage with all furniture, appliances, decorative touches and linen included. This option was great for me as I didn’t have time to buy a whole new set of furnishings and Coast Group’s interior designer has done a fantastic job.”
The exclusive Gara Rock hosts just fourteen stylish apartments, five cosy cottages and an 18-bedroom boutique hotel. In addition there will be a fabulous restaurant and an exclusive holistic spa that will feature indoor and outdoor swimming pools, a spa, treatment rooms, a steam room, a sauna and a Jacuzzi. Upon completion this winter, all buyers and guests will have access to these facilities.
“The Gara Rock development is set to become a great success,” adds Mr Walker. “It is secluded and relaxing, provides miles of countryside and clifftop walking paths and there are water sports and a range of other activities that are also family friendly.
“In addition the mix of apartments, cottages and the hotel provides accommodation that is suitable for everyone and the rental incentives are such an added bonus. The design is well thought out and Coast Group has given great consideration as to how to make owning a second home simple, easy and affordable.”
An interior-designed show cottage, stylish show apartment and clifftop café are now opened on site. The café is open daily between 10am and 5pm and serves delicious homemade sandwiches, cakes and ice creams.
Prices at Gara Rock start at £550,000 for a two bedroom apartment, £665,000 for a fully furnished, three bedroom cottage and £1,200,000 for the Rotunda penthouse suite. For more information on the Rental Income Guarantee scheme, concierge service or the facilities available, visit gararock.com.
