Why invest in Bright? Why Centenary Peaks ?
At this stage it is impossible to give an accurate figure for the return the townhouses will each receive.
Although each apartment will be fitted with identical fittings & fixtures the decor & furnishings will differ as the individual owner will be responsible for all personal aspects. Each apartment will require an inspection in order to ascertain what nightly charge will be appropriate. Each owner will either be able to dictate the fee they want, or be guided by the manager. We are assuming that the townhouses will be tastefully furnished & decorated with the highest quality a top priority.
Another important aspect, which must be considered, is the frequency and time of year of private use. If the owner plans on using the townhouse during peak times it will obviously have an impact on the return.
Whenever a new holiday rental becomes available it takes some time to become established. Experience shows that the same people tend to rebook the property they have stayed for the same time the following year. Within 2 years occupancy rates increase strongly and ... lets not forget that
Bright is becoming more & more popular as
a holiday destination.