Case Studies - Lee Kirpda-Perks
Capitalising on the buoyant Cardiff market
When keen investors Lee and Saori Kuroda-Perks visited City Lofts Admiral House in Cardiff, they immediately decided to purchase an apartment off plan. Now built, the apartment has proved a great investment with the couple enjoying a buy-to-let agreement and healthy capital gains.
Lee and his wife Saori who live in London have invested in several buy-to-let properties throughout the country in Wales and the North West over the past few years. Lee comments: “City Lofts Admiral House appealed to us as it is well positioned to the city centre, with high quality specification – I would live there myself! These combined benefits have been a great selling point to our tenants. As a result, we have had no problems in finding a tenant for the apartment and are pleased to say we achieve an average yield of about 6%.”
Lee continues: “It was the high quality apartments at City Lofts Admiral House that enabled us to find a good tenant. We have always invested in new apartments so that we have not had to make any changes to the décor. City Lofts has provided us with a high quality blank canvas so that all we have had to do is purchase furniture, saving us a lot of time and money.”
Andy Hurst, Sales and Marketing Director for City lofts comments: “City Lofts Admiral House is now well recognised as an attractive property hotspot for investors, first time buyers and city workers taking advantage of the good location. There are a number buyers who have made buy-to-let purchases all of which have generally achieved good rental yields.”
The Welsh capital has been undergoing major renewal over the past few years and property prices have been rising steadily. Recent research undertaken by Knight Frank, the selling agents for City Lofts Admiral House has revealed that the South Wales market rose by 5% in 2006, with a further rise of 5% expected for 2007.
City Lofts Admiral House is a collection of 167 one and two-bedroom apartments set in a 15 storey refurbished office building on Newport Road in Cardiff City Centre. Designed by Conran & Partners, City Lofts Admiral House is the first City Lofts development to feature design by Conran & Partners in Wales, bringing to Cardiff some of the highest quality apartments available.
Apartments are built to an exceptionally high standard and feature contemporary designs, utilising natural light and creating spacious living areas. All apartments benefit from Conran designed kitchens and bathroom furniture, stone worktops, solid oak screens, custom designed fittings, ceramic tiling, laminated timber and carpeted flooring. With security in mind, each apartment has a solid core oak veneer entrance door and video entry-phone system. The development also has a concierge service.
Prices at City Lofts Admiral House start from £210,000 for a two-bedroom apartment. For further information please call the selling agents Knight Frank on 02920 472 447 or visit www.citylofts.co.uk
For further information on City Lofts Admiral House visit www.citylofts.co.uk
For further press information please contact TTA Group:
| Jo Townsend | 0207 886 0311 | jtownsend@ttagroup.co.uk |
| Peter Walker | 0207 886 0274 | pwalker@ttagroup.co.uk |
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