9th October 2007
Imagine Homes Acquires Residential Development in High Wycombe
Imagine Homes, the UK’s buy-to-let specialist, is pleased to announce the successful acquisition of a 17,965 sq ft off-plan development on Totteridge Road, High Wycombe. Purchased from Linden / Try Homes, the building is the 25th acquisition made by Imagine Homes over the past four years.
The latest Imagine Homes development, named St. Mark’s, will become a prominent fixture in High Wycombe, boasting a choice of 25 large, high specification two bedroom apartments just a short distance from High Wycombe town centre and railway station.
Completing June 2008, St. Mark’s will provide investors with an excellent return on investment as there is an increasing demand for properties in the Home Counties with first-rate travel links. Trains from High Wycombe to London Marylebone take just 33 minutes.
High Wycombe will soon be home to one of the hottest new shopping and leisure destinations in the country as part of a new redevelopment project called Eden. With plans for new retail and leisure facilities and open public spaces, the projected level of total investment for the Eden project stands at £500 million, which demonstrates the scale and ambition of the planned changes.
Through its expertise, Imagine Homes source quality new build opportunities in excellent locations with strong capital growth and rental prospects. Imagine Homes also finds the tenants, manages the property and guarantee the customer a unique rental return of 7.5% of the purchase price per year for two years.
Grant Bovey, Chief Executive Officer of Imagine Homes comments: “This site is an important addition to our project portfolio, and fits with our acquisition strategy of purchasing a range of properties throughout the UK that will appeal to different levels of investor. High Wycombe is an increasingly popular location for property investors and is experiencing considerable inward investment. The acquisition of this desirable site highlights the continuing success of Imagine Homes.”
Imagine Homes is actively seeking new developments to add to its portfolio and further acquisitions will be announced soon. For further information about Imagine Homes and their portfolio of properties, please visit www.imaginehomes.co.uk or telephone 0808 180 0463.