"Aria has already invested over £100 million
in Cornwall and is set to invest another £50m
in the complete redevelopment programme of
Retallack Resort & Spa."
Holiday home owners also have the option of entering
the Aria Resorts’ Managed Lettings Scheme which allows
participating owners to control how many weeks they
let their property. This plan operates with a 30% + VAT
commission fee, with this fee covering all marketing
(although there is an additional charge for cleaning). To
give an indication of earning potential under this scheme,
the average gross income on Retallack’s currently existing
two-bedroomed premium lodge is £38,140, and the income
for the new barns in 2021 is anticipated to be higher at over
£42,000. The average gross annual income on the existing
four-bedroomed premium lodge (of which there are nine
units) is £51,957, with the new barns set to offer an income
of over £54,000 in 2021*. The projected 2021 figures show
an overachievement against the current performance
examples for the new, unique, detached luxury barns, based
on research and forecasting around the staycation and UK
tourism market trends.
Aria has already invested over £100 million in Cornwall
and is set to invest another £50m in the complete
redevelopment programme of Retallack Resort & Spa. The
demand for UK holiday properties shows no sign of slowing
down, despite COVID-19. Quite the opposite in fact, with
investors attracted to the growing staycation trend, the
perceived safety and security of holidaying at home, and
the tax benefits associated with holiday lets. In addition,
Aria Resort investors will benefit from the tax conditions
surrounding the ‘furnished holiday properties.’ Furnished
holiday let (FHL) is the tax term which covers a whole host
of different types of activities linked to short-term letting of
residential property.
EDITORS CHOICE
*All of these figures are based on 100% availability. The anticipated increase figures apply to the new models only.
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