PART OF THE PENALLTA HERITAGE PROJECT

BREATHING NEW LIFE INTO MAGNIFICENT LISTED the bath house BUILDINGS

penallta heritage, wales contents

INTRODUCING PENALLTA COLLIERY

. 3 Contents EACH HOME PROVIDES A RANGE OF CAREFULLY . 4 The Location DESIGNED FEATURES TO ENHANCE YOUR QUALITY . 9 Penallta Colliery 2 OF LIFE. PROVING THE ULTIMATE IN COMFORT AND 3 . 10 The Site STYLE, AND SET WITHIN A UNIQUE HERITAGE ENVI- . 12 The Apartments RONMENT, . 14 Holiday Lettings . 16 Rental Example REDESIGNED FOR THE 21ST CENTURY, PENALLTA . 17 Buying Process 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 castle

the location

Penallta Heritage is situated on the outskirts of 4 which is ideally located within the 5 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 , or 18 minutes on the direct train line.

A SLEEPING GIANT

DOMINATING AN IMPRESSIVE 30-ACRE SITE, IS WALES’ LARGEST AND BRITAIN’S SECOND-LARGEST CASTLE BEHIND WINDSOR. the location millennium stadium, cardiff

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 6 Southerndown. Caerphilly Castle, famous for its precariously leaning 7 brecon mountain railway tower, is only five miles away.

AMENITIES IN YSTRAD MYNACH

• LOCAL SHOPS AND SUPERMARKETS • SCHOOLS • HOSPITALS • SPORTS GROUNDS • CYCLEPATHS AND WALKING TRAILS • TRAIN STATION (18 MINS TO CARDIFF CENTRE). penallta colliery sultan the pit-pony

Penallta Colliery stood at the heart of the Rhymney Valley community for over These same buildings, with their glorious arches and period tiles will now once one hundred years. Generations of hard-working local men were employed at again be at the heart of the community, providing many homes of great quality Penallta and, when it was sadly closed in 1991, the future of this important site and beauty. was uncertain. The Bath House will be the first phase of this fantastic restoration project to Penallta Colliery was once South Wales’ most profitable long life pits, regularly bring the site back to its former glory, creating a new sense of community around producing steam coal of the highest quality. No expense was spared in equipping this site which has been missing since it sadly closed for business in 1991. The the colliery with the most advanced equipment, housing them within architectur- Baths at Penallta were built in 1938 by the Miners’ Welfare Committee, and said ally impressive buildings. at the time to be ‘probably the finest and biggest pithead baths in the country’. 8 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

Penalta Coilery was once one of the largest pits in South Wales, producing PENALLTA HERITAGE

10 thousands of tonnes of coal to power steamships and factories across Britain. 11 This sprawling site has lain dormant for almost 30 years, with its architecturally THE PROPERTIES AT THIS MAGNIFICENT unique buildings laying derelict HERTIAGE SITE WILL BE DEVELOPED IN PHASES, SOME ALREADY COMPLETE: 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 UNDER CONSTRUCTION: transformed into a superb community of beautiful and unique homes. THE BATH HOUSE

COMPLETE: THE GREAT ENGINEERING BUILDING THE ENGINEERING HALL THE LAMP HOUSE THE BANK HOUSE masterplan STARTING PRICES ONE BEDROOM: £99,000 TWO BEDROOM: £104,000 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

12 attention to detail and quality characterises the renovation and new development 13 at Penallta Heritage.

The original buildings have been constructed using traditional techniques that will stand the test of time, the renovation will also incorporate the latest open-plan living 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 qual- ity 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. holiday lets

Holiday lets in the UK are becoming increasingly popular, with many areas offering good yields for landlords con- sidering 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 15

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 fix- tures and fittings which can reduce your tax bill as Holiday lets are seen as a business venture rather than a personal investment. TOURISM PERFORMANCE

For your property to be considered a holiday let for tax DURING 2018, THERE WERE 6.4 MILLION OVERNIGHT HOLIDAY TRIPS purposes there are some requirements that your property TO WALES BY GB RESIDENTS, WHICH IS AN INCREASE OF 12.3 PER must satisfy. The property has to be available to be let for CENT IN 2017, WHICH WAS 5.7 MILLION. DURING 2018, THERE WAS A 210 days of each year, whilst being occupied for at least cardiff bay TOTAL EXPENDITURE OF £1,363 MILLION. THIS IS A RECORD LEVEL 105 days a year. A single let of over 31 days must also not OF HOLIDAY TRIPS TAKEN IN WALES. be allowed.* - WELSH GOVERNMENT * Information accurate at the time of publication rental projection buying process

ONCE YOU HAVE CHOSEN THE APARTMENT YOU WOULD LIKE TO PURCHASE, SPEAK TO YOUR AGENT REPRESENTATIVE ABOUT Assumptions and facts: HOW TO PROCEED WITH YOUR PURCHASE Booking platform charge 3% + VAT MPH management fee 18% + VAT Target occupancy for one and two bedroom units 60% RESERVATION DEPOSIT: £2,500 Number of days per month 30 EXCHANGE DEPOSIT: 10% (MINUS RES DEPOSIT) 16 *A one-off onboarding fee of £150 (reduced from £250) 17 COMPLETION: 90% will also be payable in the first month of management.

** Rental Projections Provided by My Property Host

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