House of Multiple Occupation for sale

Coastal Property for Redevelopment, Atlantic Way, EX39

Guide Price £500,000

Property Description

Full description

Tenure: Freehold

Atlantic Flatlets occupies a commanding position with views towards the picturesque coast across the beach and the burrows. A great opportunity for re development subject to planning permission

Atlantic Flatlets was formerly known as The Union Club and established in 1876, it closed in the late 1950's when the property was subsequently converted into flatlets.

In more recent years the property has been occupied as 18 residential bedsits (one of which is used as a store) and generates a very satisfactory rental income. Six empty rooms in the basement could be updated and bought back in to use as a live in managers flat.

The property is arranged over 3 floors having been sub divided from its original layout as a club. However, much of the original character of the building can be seen both externally and in the main hallway. Impressive coastal views can be enjoyed from the top floor and if the property was raised and re developed it could provide a number of apartments with coastal views.

This property is being offered for sale at this time due to the vendors impending retirement.

The current owners took over the property in 1980 and have enjoyed a very satisfactory residential rental income over the last 35 years.

The property is set within a plot which extends to just under one third of an acre which gently slopes to the North and provides space for parking and garden.

The property also benefits from PV solar panels which are owned and provide a very satisfactory return from the maximum tariff.

Directions: From the roundabout on the western end of The New Torridge Bridge on the A39, turn on to the B3236 sign posted Westward Ho! follow the road down into the village along Atlantic Way and on into the one way system after Youngaton Road. You will see Atlantic Flatlets on the left (seaward Side) of the road just after the car park entrance to The Golden Sands residential home.




More information from this agent

Listing History

Added on Rightmove:
21 December 2015

Nearest station

  • Barnstaple (8.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Mark Devitt Property Consultants, North Devon

North Devon

01237 720000 Local call rate

How much will it cost me to call the number displayed on the site?

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Floorplans


To view this property or request more details, contact:

Mark Devitt Property Consultants, North Devon

North Devon

01237 720000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Barnstaple (8.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mark Devitt Property Consultants, North Devon

North Devon

01237 720000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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