A new opportunity has arisen to invest in a luxury care resort in the East Riding of Yorkshire – renowned for its countryside and coastlines.
This luxury care resort is in Bridlington, a quirky coastal town in the East Riding of Yorkshire. It is just a stone’s throw away from the seafront which is hugely popular with tourists in the summer time.
Over 30% of the population in Bridlington is over the age of 65, which is significantly above the national average. This means demand for accommodation in a luxury care resort should be high, especially considering that in the East Riding of Yorkshire the number of over 65s is projected to increase by 29.3%.
The luxury care resort will comprise 34 suites and an array of communal areas including a lounge, dining area and restaurant, all lavishly decorated. Social events and activities will be hosted regularly, including fine dining, wine tasting and excursions to the beach and surrounding areas.
The number of Britain’s over-65s is predicted to swell four times faster than the general population over the next five years. The baby-boomer generation is one of the wealthiest generations, with Knight Frank estimating they have £1,200bn in unmortgaged housing wealth. Recognising that this generation can afford more than its predecessor, savvy investors are spotting a gap in the market for retirement home property and care resorts tailored towards self-funded residents. The fundamentals and ageing population have enticed US investment trusts such as WellTower to invest heavily into the sector.
Contact us today to learn about this new investment opportunity in the East Riding of Yorkshire and the robust nature of luxury retirement home investments and care resorts in the United Kingdom.