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For Sale 1 Bedroom 1 Bathroom 0 Reception From £75,000

Beach Road, Woolacombe, EX34 - From £75,000

  • *INVESTMENT OPPORTUNITY*
  • Hotel Rooms Avaialble From £75,000 | Invest From £60,000
  • 10% NET Yields Guaranteed For 10 Years
  • 125% buyback option
  • Already 70% SOLD

THE ATLANTIC BAY HOTEL | SINGLE/DOUBLE/TWIN HOTEL ROOMS AVAILABLE

Investment Opportunity

The Atlantic Bay Hotel is prominently positioned above Woolacombe with elevated views over the surrounding National Trust countryside and coastline. The quaint Victorian resort and beautiful bay are just minutes away by bike or car. With a rich history, starting life as a traditional Victorian guesthouse before being completely remodelled and extended to create the distinctive 1960s building which remains today, The Atlantic Bay Hotel will undergo further renovations to transform it into one of the Devon's must-stay-in hotels.
It will be lovingly renovated to the same high standards as The Llandudno Bay Hotel and will comprise of 96 bedrooms, made up of double, twin and family rooms plus palatial suites. In addition the hotel will boast indulgent lounge areas, large conference and event facilities, a fine dining Premier Collection restaurant, swimming pool and fitness suite and a relaxing cocktail lounge and bar. The sympathetic work will transform it into a stunning four-star hotel and spa which will further enhance its reputation as the region's most exclusive destination for holidaymakers, weddings and conferences. With its stunning location it is no surprise to learn The Atlantic Bay Hotel is a hugely popular venue for weddings and events, and with its unrivalled views across the bay, it enjoys year round bookings.

Woolacombe is a beautifully preserved Victorian coastal resort, with three miles of award- winning beach and untainted Atlantic waters bookended by the craggy headlands of Morte Point and Baggy Point. The North Devon Coast, an Area of Outstanding Natural Beauty in the West Country tourism honeypot, provides the stunning setting for this unspoilt seaside gem, whose huge appeal to surf-seekers lends it a hipster edge that few resorts can boast. Commanding cliffs, rolling sand dunes, stunning beaches and coves mark the landscape, with endless coastal pathways providing the perfect elevation from which to soak up views across the bay to Lundy Island. The quaint and compact centre is presided over by grand Victorian and Edwardian villas, a reminder of the era that saw Woolacombe evolve as a thriving holiday destination. Just 30 minutes from the expansive Exmoor National Park and easily accessed from the M5, it's plain to see how Woolacombe has earned an England for Excellence Gold Award for best family resort and become a firm fixture on thousands of holiday calendars. Its enormous stretch of immaculately clean but dog- friendly sands, lifeguard protected seafront and picturesque rows of jewel-painted beach huts make it the perfect spot for families seeking traditional pastimes, whilst the rolling Atlantic waves prove an addictive pull for surfers and body-boarders.

Beyond the seafront, traditional food and retail outlets are being joined by an impressive array of modern independent shops and eateries - a strong indicator of a destination on the up. Woolacombe is perfectly situated to step out from and explore the numerous pathways, villages and coves along the headland or, further inland, the moorland hills of Exmoor National Park.
North Devon is dotted with villages, each with its own distinctive character - Woolacombe's cliff-top sister village Mortehoe, along the South West Way, whose museum offers a glimpse into the area's smuggling history; the cobbled streets, pretty cottages and 14th century fishing harbour of Clovelly; or stunning Saunton Sands, whose natural beauty makes it a popular location for film, video and television productions, are just a few. North Devon's premier town, the historic, bustling Barnstaple, is just 30 minutes away by car and perfect for a retail fix. Or head eight miles to Ilfracombe - on foot along the South West Coastal Path if you want to leave the car behind - where Damien Hirst's sculpture Verity dominates both the harbour and the conversation. Love it or loath it, at 65ft tall you certainly can't ignore it. By contrast, to take a trip across the waters to ancient Lundy Island is to step into a tranquil, car-free other world awash with protected wildlife habitats and species. Wildlife enthusiasts might have their visit capped by the sighting of puffins, grey seals and sika deer.

PURCHASING OPTIONS

1. By purchasing with the By Deduction Option:- £75,000 - By Deduction Option (Rear Facing Double/Twin)

* you are able to offset your total capital outlay from £75,000 to £60,000 by offsetting £15,000 against your first years rental income

* In years 3-10, you receive 10% of the purchase price (£75,000) giving you a fixed rental of £7,500 per annum

* Fixed returns £75,000 - 2 years deducted rental income £15,000 = £60,000

* Buyback at year 10 = £93,750 (125%)

* ROI = (Buyback £93,750 + Cash returns £75,000 (minus) Purchase price £75,000)/Purchase price £75,000 = 125%

...Read Less

The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above 125,000 and up to 250,000 2 £ 0
Above 250,000 and up to 925,000 5 £0
Above 925,000 and up to 1,500,000 10 £0
Above 1,500,000+ 12> £ 0
*This is for illustrative purposes only

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