the bath house
penallta heritage, wales
PART OF THE PENALLTA HERITAGE PROJECT BREATHING NEW LIFE INTO MAGNIFICENT LISTED BUILDINGS
contents INTRODUCING PENALLTA COLLIERY
EACH HOME PROVIDES A RANGE OF CAREFULLY DESIGNED FEATURES TO ENHANCE YOUR QUALITY OF LIFE. PROVING THE ULTIMATE IN COMFORT AND
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STYLE, AND SET WITHIN A UNIQUE HERITAGE ENVIRONMENT, REDESIGNED FOR THE 21ST CENTURY, PENALLTA HERITAGE IS THE MOST AMAZING RESIDENTIAL DEVELOPMENT IN THE AREA FOR GENERATIONS. DEMAND FOR THESE PRESTIGIOUS HOMES IN THIS RAPIDLY DEVELOPING COMMUNITY WILL CERTAINLY BE HIGH.
pit-head, penallta colliery
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Contents The Location Penallta Colliery The Site The Apartments Holiday Lettings Rental Example Buying Process
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caerphilly castle
the location 4
Penallta Heritage is situated on the outskirts of Ystrad Mynach which is ideally located within the Rhymney Valley in South East Wales. The town benefits from a comprehensive range of amenities including shops, banks, restaurants and public houses and is only thirty minutes drive from the capital city of Cardiff, or 18 minutes on the direct train line.
A SLEEPING GIANT DOMINATING AN IMPRESSIVE 30-ACRE SITE, CAERPHILLY CASTLE IS WALES’ LARGEST AND BRITAIN’S SECOND-LARGEST CASTLE BEHIND WINDSOR.
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the location millennium stadium, cardiff
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brecon mountain railway
AMENITIES IN YSTRAD MYNACH •
LOCAL SHOPS AND SUPERMARKETS
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SCHOOLS
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HOSPITALS
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SPORTS GROUNDS
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CYCLEPATHS AND WALKING TRAILS
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TRAIN STATION (18 MINS TO CARDIFF CENTRE).
The area around Penallta Heritage is surrounding by mountains, farmland and parkland and there are many walking and cycling paths. The location is only 20 minutes from the mountains of the Brecon Beacons National Park or the coastal paths of Ogmore and Southerndown. Caerphilly Castle, famous for its precariously leaning tower, is only five miles away.
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sultan the pit-pony
penallta colliery Penallta Colliery stood at the heart of the Rhymney Valley community for over one hundred years. Generations of hard-working local men were employed at Penallta and, when it was sadly closed in 1991, the future of this important site was uncertain. Penallta Colliery was once South Wales’ most profitable long life pits, regularly producing steam coal of the highest quality. No expense was spared in equipping the colliery with the most advanced equipment, housing them within architecturally impressive buildings.
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These same buildings, with their glorious arches and period tiles will now once again be at the heart of the community, providing many homes of great quality and beauty. The Bath House will be the first phase of this fantastic restoration project to bring the site back to its former glory, creating a new sense of community around this site which has been missing since it sadly closed for business in 1991. The Baths at Penallta were built in 1938 by the Miners’ Welfare Committee, and said at the time to be ‘probably the finest and biggest pithead baths in the country’. 9
SIGNIFICANCE OF PENALLTA COLLIERY “AT ITS PEAK IN THE EARLY 20TH CENTURY, PENALLTA WAS ONE OF THE LARGEST AND MOST IMPORTANT PITS IN SOUTH WALES, EMPLOYING 3,208 MEN IN 1931. THE COLLIERY WAS ESTABLISHED DURING 1906-9 AND WAS ONE OF THE HIGH-TECH ‘SUPER PITS’ OF ITS DAY.” - WALES ONLINE
the site 10
Penalta Coilery was once one of the largest pits in South Wales, producing thousands of tonnes of coal to power steamships and factories across Britain. This sprawling site has lain dormant for almost 30 years, with its architecturally unique buildings laying derelict Greystone Capital has taken on the task of restoring the historic buildings of Penallta Colliery to their former glory. These magnificent listed buildings are now transformed into a superb community of beautiful and unique homes.
PENALLTA HERITAGE 11
THE PROPERTIES AT THIS MAGNIFICENT HERTIAGE SITE WILL BE DEVELOPED IN PHASES, SOME ALREADY COMPLETE: UNDER CONSTRUCTION: THE BATH HOUSE COMPLETE: THE GREAT ENGINEERING BUILDING THE ENGINEERING HALL THE LAMP HOUSE THE BANK HOUSE
masterplan
STARTING PRICES ONE BEDROOM: ÂŁ99,000 TWO BEDROOM: ÂŁ104,000
the apartments The Bath House will provide exceptional living accommodation. Each home has been brilliantly created by Greystone Capital, a company that always endeavours to add value, giving their clients a greater choice of properties that are available to them to suit their specific requirements. When The Bath House was originally built at the start of the twentieth century, the architecture was considered amongst the finest in the country. This same attention to detail and quality characterises the renovation and new development at Penallta Heritage.
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open-plan living
The original buildings have been constructed using traditional techniques that will stand the test of time, the renovation will also incorporate the latest 21st-century technology to provide you with a property of fantastic heritage fit for the modern-day. Whether you choose a one or two-bedroom the quality of specification will be appropriate for such a magnificent and exclusively designed heritage property. Each home provides a range of carefully designed features to enhance the quality of life. Providing the ultimate in comfort and style, and set within a unique heritage environment, redesigned for the 21st century, Penallta Heritage is the most amazing home development in the area for generations. Demand for these prestigious properties in this rapidly developing community will certainly be high. Reserve your new home today and secure a great new lifestyle for the future.
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holiday lets Holiday lets in the UK are becoming increasingly popular, with many areas offering good yields for landlords considering a move away from residential buy-to-let due to increased taxation and regulation on that sector. The U.K. holiday letting market is a high-yielding alternative asset class. Holiday let properties can produce yields of more than 10 per cent, significantly above traditional buy-to-let and student properties. 14
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There are major tax advantages to holiday lets which are not available to traditional buy to let landlords. These have a major positive impact on the level of returns achieved. You can claim relief against mortgage repayments and fixtures and fittings which can reduce your tax bill as Holiday lets are seen as a business venture rather than a personal investment. For your property to be considered a holiday let for tax purposes there are some requirements that your property must satisfy. The property has to be available to be let for 210 days of each year, whilst being occupied for at least 105 days a year. A single let of over 31 days must also not be allowed.* * Information accurate at the time of publication
TOURISM PERFORMANCE DURING 2018, THERE WERE 6.4 MILLION OVERNIGHT HOLIDAY TRIPS TO WALES BY GB RESIDENTS, WHICH IS AN INCREASE OF 12.3 PER CENT IN 2017, WHICH WAS 5.7 MILLION. DURING 2018, THERE WAS A
cardiff bay
TOTAL EXPENDITURE OF ÂŁ1,363 MILLION. THIS IS A RECORD LEVEL OF HOLIDAY TRIPS TAKEN IN WALES. - WELSH GOVERNMENT
rental projection
buying process ONCE YOU HAVE CHOSEN THE APARTMENT YOU WOULD LIKE TO PURCHASE, SPEAK TO Assumptions and facts: Booking platform charge 3% + VAT
YOUR AGENT REPRESENTATIVE ABOUT HOW TO PROCEED WITH YOUR PURCHASE
MPH management fee 18% + VAT Target occupancy for one and two bedroom units 60% Number of days per month 30 16
*A one-off onboarding fee of £150 (reduced from £250) will also be payable in the first month of management. ** Rental Projections Provided by My Property Host
This document and any further information or opinions made available to you, must be held in complete confidence and documents containing any such information or opinions may not be used or disclosed to any third party. This document must not be copied, reproduced, distributed or passed, in whole or in part, to any other person at any time without the prior written consent of GreyStone Capital Ltd. The Forecasts and Opinions do not replace other enquiries and investigations that you should carry out in connection with your intended purposes. We do not warrant or represent to you that the Forecasts and Opinions are suitable or appropriate for your purpose(s). Neither we nor our partners, officers, employees or advisers accept any responsibility, liability or duty of care whatsoever (other than for fraudulent misrepresentation) in relation to your use of the Forecasts and Opinions. We shall not be liable to you for any loss, damage, cost or expense whatsoever which results from your use of or reliance on the Forecasts or Opinions and accordingly that any use of or reliance on the Forecasts or Opinions by you or any third party, is done so entirely at your or their own risk. Law or other regulation may restrict the distribution of this document in certain jurisdictions. Accordingly, recipients of this document should inform themselves about and observe all applicable legal and regulatory requirements.
RESERVATION DEPOSIT: £2,500 EXCHANGE DEPOSIT: 10% (MINUS RES DEPOSIT) COMPLETION: 90%
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All investments, including real estate, is speculative in nature and involved substantial risk of loss. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable, but are without our independent verification. Neither we not our partners, officer, employees or advisers accept any responsibility, liability for any loss damage costs or expenses or duty of care whatsoever (other than fraudulent misrepresentation) in relation to your use of the information therein. You acknowledge that you use the information we provide at your own risk. We do not offer investment advice and nothing in any of our publications should be construed as investment advice. The information provided herein is not intended to replace or substitute any legal tax, or other professional advice. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.
the bath house