Shanklin Community Living is a luxury care home based in the popular seaside resort of Shanklin on the Isle of Wight. The building sits between the sea front and the town’s old village; allowing residents to explore the sandy beaches and afterwards take a break in one of the town’s many tea shops.
The property will undergo a sympathetic refurbishment throughout 2017, and will be transformed into a 26-bed luxury care community. The home will offer a mixture of en-suite studios and one-bedroom apartments, many offering spectacular views over Shanklin’s seafront. For the convenience of the residents, there will also be lounge and kitchen facilities available onsite.
• Prices start from £85,400
• 10% returns guaranteed for ten years
• Income paid monthly
• Buy back option at year 5 for 110%. Buy back at year 10 for 125%
• Reserve a unit for £2,000
The Isle of Wight has become an attractive retirement destination for the elderly. 50% of the island is designated as an Area of Outstanding Natural Beauty (Island Plan Core Strategy 2012), so it is easy to see why it is an attractive venue for those in their twilight years. In fact, the island boasts a sizeable elderly population, with over 65s making up 26.1% of the population. According to the Office for National Statistics, there is a net outflow of people aged between 15-29, who move to mainland Britain in pursuit of higher education and career opportunities, and an influx of those aged between 50 – 64 and 65-79. In fact, migration of those between 65-79 has risen sharply over time, and almost twice as many migrated to the island in 2014 compared with 2012.
With the huge rise in inward migration of the elderly, there is clearly a need for care facilities, especially as many migrate without other family members to take care of them. This investment is uniquely positioned as a luxury care home, attracting self-paying residents who wish to spend their twilight years in beautiful surroundings enjoying excellent company. These niche luxury care homes with a high proportion of self-paying residents have proven to make excellent investments, as these care homes often achieve better profit margins compared to those with a high number of residents reliant on support from local authorities.
Enquire today to find out more about this investment and the financial benefits of investing in luxury care homes.
10% Net Yield Per Annum