A new 5-star coastal resort in Cornwall, one of the biggest developments of its kind in the UK, with backing from a multi-million pound real-estate fund has gone live.

Frogmore, renowned for its Westfield shopping centre success in west London, is investing more than £16 million in this 20-acre scheme. Known as Una St Ives, it combines the freedom of self-catering with the standards and service of a destination hotel. Available to buy off plan, phase one will be complete in August 2014, with a further 78 properties to be built across the following months.

A guaranteed return of 6% net per annum for two years, against the purchase price, is being offered. This, coupled with the draw of St Ives and its exciting blend of picture-perfect beaches, leading restaurants and a world-famous art scene, makes Una St Ives an enthusing proposition.

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Priced between £160,000 and £450,000, the properties at Una St Ives come with highly experienced on-site management, handling everything from marketing and promotion to bookings and housekeeping.

Sean Hodgson, sales director at Una St Ives, commented: "The UK holiday market has doubled in recent years, fuelled substantially by property buyers seeking to acquire a buy-to-let investment they can also enjoy themselves. We are offering people a chance to have their own slice of a Cornish community, combined with a sound investment and the security of an experienced property management team."

At the heart of Una is a relaxed space – a place to be, shop, eat, swim and unwind. This is where property owners and guests will find everything they need; a restaurant, a deli selling the finest local produce, a spa featuring 100% organic Cornwall-made products and an inviting 15m infinity pool with extensive leisure facilities.

(CD/MH)