South Street, Woolacombe
Property Summary
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 Woolacombe village, almost a stones throw from the award winning sandy surfing beach.
Full Details
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 Woolacombe almost a stones throw from the award winning sandy surfing beach.
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.
Brick built period property with all mains services connected. The property is located in a low risk flood zone. The property is currently a licenced HMO with North Devon District Council.