Cornwall-based property developer, Stephens + Stephens, in collaboration with multi-award-winning interior design agency Absolute, has announced the initial investment opportunity on 39 cutting-edge, luxury one, two and three bedroomed style-driven cliff-side apartments.
Commanding panoramic Cornish sea views for 35 of the 39 spacious apartments, all of which are being sold and can be used for either residential, buy-to-let or holiday properties, the Cliff Edge homes, crafted for optimum ‘blue mind’ lifestyle living, are available for purchase now, with many benefiting from the current stamp duty-free opportunity.
Situated atop Tolcarne Beach, on the edge of trendy Newquay, Cornwall, Cliff Edge will provide a new level of top-end luxury in infinitely stylish lifestyle accommodation, delivering residents and holidaymakers year-round sunsets, and far-reaching views of azure seas against the greenery of Newquay’s ancient burial site, the Barrowfields.
All just a hop-skip and jump away from the golden sands of all seven of the destination’s vast beaches, this high-end development will further sustain Newquay’s position as a leading UK holiday and mini-break destination whilst supporting the drive for a sustaining year-round visitor and tourist economy.
With all the signs showing that Cornish self-catering staycations are set to boom for obvious reasons, the recent announcement around the dropping of stamp duty* and the compelling earn-back potential of a spacious and extensive apartment of this calibre, means that the Cliff Edge apartments are a strong investment draw in a desirable location in the UK’s staycation and all-round lifestyle hotspot.
Complete with porcelain tiled bathrooms, contemporary sanitaryware and Porcelanosa designed kitchens, the aspirational new apartments have been masterminded by multi-award-winning Cornish interior design agency, Absolute ensuring bright, light and airy finishes. Taking their inspiration from the classic whitewashed Cycladic interior style typical of the contemporary Mediterranean, Mykonos or Ibiza, each will provide an elevated level of holiday retreat or lifestyle for guest, holiday homeowners and residents alike.
Fully glazed patio doors lead onto to balconies for all apartments, so sunrises, sunsets and stargazing come as standard and the apartments have been designed to have abundant storage options. In addition, all new owners have the option to use Absolute’s turnkey interior design service at no additional cost,with furniture and finishes coming at an additional cost.
Situated close to the UK’s fastest growing airport, Cornwall Airport Newquay, the Cliff Edge development has a new world luxurious sophistication, blending architectural design and unique, bespoke interiors styling. Seamlessly mixing modern interior décor with simplistic textures and flourishes, it has a cool,cosmopolitan, European feel. What is more, all two and three bed apartments have the luxury of two parking spaces, located in the secure underground parking facility with three elevators for ease and practicality.
Stephens + Stephens is all about cohesive collaboration. Offering the uniquec ombination of architectural, building and multi-award-winning lifestyle and interior design capabilities, the co-founders of the practice are Paul and Helen Stephens, a husband and wife team who have worked together effectively for many years. The birth of Stephens + Stephens was a true meeting of minds, and the company is a perfect marriage of skills, vision and experience for a whole new-wave style way of designing buildings, interiors and surrounding spaces with architectural and style-driven longevity, with the provision of the ultimate Cornish lifestyle living benefits forever front of mind.
Specialists in the creation of design-led, ultimate-luxe, quality homes in stunning coastal, country and city locations, the team’s former developments include The Strand at Porth, near Newquay, Saltwater at Pentire, Newquay, The Hideaway, illusively tucked away in the leafy suburbs of Truro and Blue Point, the unique, ultra-modern property in the beautiful Cornish village of Gorran Haven.
Creative Director of Stephens + Stephens and Absolute, Helen Stephens says,“We are delighted to bring these absolutely stunning, boutique coastal properties to the market for all manner of buyers and investors. With their Mykonos/Ibiza-infused vibe and a cosmopolitan ethos and style, they are a truly beautiful addition to our portfolio. Cliff Edge boasts an unrivalled location and a lead-in investment price of under £200,000 for a one bedroomed property, offering significant value for money for this level of luxury and hot-spot location plus an amazing earn-back potential.”
The apartments can be residential or the perfect long-term, high-return investment and the estimated gross income on a sea-facing, one-bedroomed ground floor apartment is £30,600 per annum, and the income for a three-bedroomed, sea-facing, fifth floor apartment is £90,000 per annum*.
Recent surveys on the UK staycation market from leading bookings company Sykes Holiday Cottages, Mintel and Barclays Corporate Banking reveals that the Brexit factor is having a positive influence on people choosing more holidays ‘at home’ in the UK. The ‘Sykes Staycation Index’, which uses booking figures, consumer research and data to reveal trends in the UK holiday market, shows that 66% of Brits enjoyed a staycation last year, which is a 10% rise compared to 2017, benefitting holiday home owners significantly.
This, coupled with the reduction in investors purchasing buy-to-let residential properties as a result of Government changes to tax allowances around these types of properties, means that Cliff Edge ideal opportunity for both ‘armchair’ and lifestyle investors who are looking to use the property as a holiday home for themselves, friends and family.
For further information on the Cliff Edge development or any of Stephens + Stephens’ other developments, to arrange a viewing or to discuss investment options, please visit: stephensandstephensdevelopers.com or contact Ian Tubb on 01872 264775
*on properties below £500,000 and a reduction in the duty for properties exceeding this value. *an estimate of the likely revenue based on 57% occupancy