South Street, Woolacombe, Woolacombe, EX34
- PROPERTY TYPE
Commercial Property
- BEDROOMS
10
- SIZE
Ask agent
Description
Prime Location
A superb opportunity to purchase a substantial building currently run as an HMO but with further potential to extend the number of room lets and with full planning consent for conversion into luxury holiday apartments. Situated in the heart of this popular coastal village and holiday hotspot, almost a stones throw from the award winning sandy surfing beach, there are a range of local bars, restaurants and shops literally moments away
Investment Opportunity
Currently run as a licensed HMO (House in Multiple Occupation) but with potential to invest in additional facilities to increase the number of rooms to be let by 30% or more making it a superb investment opportunity in this location. Demand is currently high for this type of rental accommodation in the area providing superb yield and return on investment. Further details available on request.
Planning for Conversion
In addition there is full planning consent in place for conversion to luxury holiday apartments. An investment opportunity rarely available on the open market!
Arranged over three floors, the new plans showcase six spacious 1 bedroom apartments. Each unit boasts modern open-plan living, kitchen, and dining spaces, with a private parking area which is invaluable in this location.
Tailored Convenience
Catering to the demands of the modern living and the astute investor, the completed apartments offer a range of sizes to suit different preferences and needs. Ground floor apartment have their own private entrances at street level.
Apartment 1 (Ground Floor): 1 bedroom - 37m2
Apartment 2 (Ground Floor): 1 bedroom - 39m2
Apartment 3 (First Floor): 1 bedroom - 37m2
Apartment 4 (First Floor): 1 bedroom - 44m2
Apartment 5 (Second Floor): 1 bedroom - 37m2
Apartment 6 (Second Floor): 1 bedroom - 44m2
Woolacombe: A British Premier Holiday Destination
A premier holiday destination for families and couples of all ages there is consistently high demand for properties in this sought-after location. With its award winning sandy beach, restaurants, attractions and more, it makes a fantastic location to invest in.
Agents Notes:
Details of HMO requirements and potential to extend the current licence to several more rooms are available on request.
Planning for conversion is secured under no. 77497. For detailed insights, please don't hesitate to ask for more information.
Energy Performance Certificates
EPC 1South Street, Woolacombe, Woolacombe, EX34
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnstaple Station9.1 miles
About the agent
Match Property, Devon
3 Paiges Lane Barnstaple EX31 1EF
Helping owners of the best homes in North Devon sell or let well! - We specialise in the sale and letting of the best homes in North Devon. From chocolate box cottages to ‘Grand Designs’, we are here to help owners of North Devon homes that inspire. We work with owners of all types of quality homes in North Devon, no matter what the style or value. Our bespoke marketing strategies are tailored specifically to your property and, using our unique process, we achieve the best result possible.</
Industry affiliations
Notes
Disclaimer - Property reference 27432410. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Match Property, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.