Situated in Torquay, a town in the English Riviera, Bancourt House is a luxury retirement resort aimed at the over 65’s. The former Bancourt House building will be transformed to include 42 luxury suites. On site will be amenities typically associated with luxury; such as a heated swimming pool, exclusive gymnasium, fine dining and bar, private cinema and a hair and beauty salon. Over 2018 the existing building will be transformed to provide elegant socialising and relaxation areas.
A popular area with tourists, the English Riviera got its name due to its mild climate and range of attractions. Located in the south west of England within the ceremonial county of Devon. Boasting rugged countryside, miles of stunning coastlines, a low population density and a sunny climate, Devon is one of the most popular areas in the UK for retirees, so Bancourt House is perfectly located to accommodate them.
Investors can purchase a suite in Bancourt House from R1.2m, and benefit from receiving a 10% return per annum over a ten-year commercial lease. As the retirement property is fully managed, this is a hands-off opportunity suitable for those who live overseas.