Official launch of new Island development
The Savoy, Yarmouth - an award-winning property development on the Isle of Wight will be officially launched today (Friday 29 June 2007), and is fast becoming recognised as a prestigious new 4* holiday resort by investors and guests alike.
Set in 28 acres of landscaped grounds and just one mile from Yarmouth’s popular sailing harbour, The Savoy provides owners and guests with stylish design and a range of on-site country club leisure facilities and services including property management and letting. With a choice of one-bedroom studios from £99,500 to three bedroom cottages currently available or under construction, The Savoy is a contemporary resort in a New England style and this is reflected in the identities of the properties which range from ‘Saltbox Cottages’ to ‘Vermonts’ and ‘‘Piedmonts’. All properties have been designed by award-winning architect and interior design company Nick Stickland Associates and are finished to a very high standard.
As a result of strong demand from an increasing number of buyers, over half of the 153 holiday cottages have been sold and the resort opened for business earlier this month, with the first two phases complete and in operation, and a further phase of 73 properties under construction and available for year-round holiday use from 2008.
According to Sales Director, Steve Deacon, The Savoy presents a unique opportunity for people to buy a superior quality holiday or second home with the potential for an investment return. ‘Each owner can decide, within the planning restrictions, what proportion of the year they wish to use the home themselves and if they want to gain a return by letting the home out to holidaymakers’, he said. The Savoy is one of the Island’s premier holiday locations and this is reflected in the tariffs charged which provides an excellent level of return’, he said.
The Savoy has also assigned the professional services of Southampton-based Knight Frank to act as mainland agents for the development handling all mainland residential property enquiries.
About The Savoy:
The Savoy is a gated community of some 153 Owner’s Cottages set within 28 acres of landscaped grounds offering the benefits of a dedicated leisure club, including indoor pool, a spa and all weather sports facilities for year round holidays or frequent breaks with the possibility of an investment return via letting. The resort is just one mile from the harbour and historic coastal town of Yarmouth on the Isle of Wight and is currently offering one to three bedroom cottages with fully fitted kitchens and luxury bathrooms at prices ranging from £99,500 to £249,950.
About Knight Frank
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner Newmark Knight Frank operate from over 165 offices, in 36 countries, in six continent.
Savoy Press Office
Julian Gollogly and Alicia Kirkham
julian@marketing-matters.co.uk and alicia@marketing-matters.co.uk
T: 01202 777111