An opportunity has arisen to invest in a north Wales retirement home. The former hotel will be transformed into a luxury resort of c. 30 suites, catering exclusively for the retiree market. Many of the rooms will have sea views, and residents will have the opportunity to partake in various social activities, such as wine tasting and fine dining, as well as explore the Snowdonia region. Care facilities will be onsite for those who require them, and there will also be other amenities to ensure residents enjoy their stay, such as salons and spas.
Elderly Population in Wales
According to the Office for National Statistics, the population of over 65s in Wales is set to increase by over 36% between 2016 and 2041. Currently, Wales is home to the highest proportion of those over the age of retirement, out of any country in the UK.
The Office for National Statistics also released analysis showing that average disposable income for pensioners is growing faster than workers as generous occupational pension schemes mature.
As those who are retiring are receiving good company pensions, many want to visit places they did not have time to when they were in full time employment. Britain’s National Parks such as Snowdonia are always popular with the retiree demographic.
Enquire today to discover why baby boomers’ generous disposable incomes and an attractive location can make this a lucrative investment.