As a city that has been voted the best place to live in Britain twice in the past five years, Bristol has a huge amount going for it. The rapidly growing demand for high quality rental homes in the city is drawing landlords seeking a sound buy-to-let investment. The range of stylish penthouses now available at Generator SW Huller & Cheese development on Bristol’s floating harbour tick all of the boxes for investors, including a fantastic waterside location in walking distance of everything central Bristol has to offer.
It is no surprise that Bristol again topped the polls in the Sunday Times Best Places to Live Guide, as a small city that scores highly on jobs, culture, food and drink and access to seaside and scenery. With an under supply of new homes and a growing rental sector, Savills predict that rents in the city will increase by 19% in the next five years, meaning increasing yields for landlords. And as renting becomes a lifestyle choice for those who want flexibility, demand is rising for premium rental homes such as the stunning penthouses at Huller & Cheese.
Huller & Cheese benefits from a unique location right on the water with sweeping views of the city. The collection of contemporary two and three bedroom penthouses are located in a sleek new two-storey extension, which tops the Grade II listed warehouse conversion development. In contrast to the building’s heritage façade that is retained on the lower floors, the penthouses are modern in design, incorporating fully glazed elevations with large terraces that wrap the full length of the property, some offering double or triple aspect vistas. Interiors are designed with meticulous attention to detail and a top of the range specification including engineered oak flooring, walk-in wardrobes and sleek designer kitchens.
Mark Peace, Development Director from Generator, comments: “Bristol is a hugely attractive place to live and its many pull factors mean its future will continue to be bright. Huller & Cheese in particular benefits from a first-class location and it is rare to find properties of this quality directly overlooking the waterside, especially those offering three bedrooms. Many large companies are located within a stone’s throw of the development meaning there is a strong professional tenant market locally.
“Investors will not only have a large pool of potential tenants but will also benefit from reliable yields of around 3%. Buyer interest in Huller & Cheese has been strong and there are now only four penthouses remaining for sale, so we would urge investors to take a look now before it is too late.”
According to the 2011 census, 55% of households in Bristol’s city centre were renting, showing the scale of the rental market. As the private rental sector grows and the quality of rental property increases, the opportunities for landlords strengthen, while the affluent student population is also a driver for the growth of the rental market. Widescale inward investment across Bristol is a marker of the city’s prosperity, with projects including Bristol University’s £300million development at Temple Meads and the regeneration of Redcliffe Village close to Huller & Cheese.
The floating harbour has become one of the city centre’s most vibrant and exciting areas, an ideal location to attract the young professional renter market with its huge range of cafes, bars, restaurants, nightlife and galleries. Shoppers are spoilt for choice with Cabot Circus offering Harvey Nicholls near by, as well as the mix of independent retailers and excellent food market at St Nicholas Market. Queen’s Square just across the water offers public green open spaces as well as a regular calendar of festivals and events.
Living at Huller & Cheese could not be more convenient for transport links with its location in close walking distance of Temple Meads station. From here, trains to Cardiff take 43 minutes and direct services to London Paddington take 98 minutes. A new high-speed rail service will cut the journey from Bristol to Paddington by 22 minutes from 2018. For international travel, Bristol Airport is only nine miles away.
Penthouses are available from £650,000.