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Hotel room for sale

Nelson Road

£220,000

Property Description

Key features

  • 10-12% NET Fixed Income for 10 Years
  • Phase I and II Sold Out & Operational
  • Award Winning Developer
  • Short Walk from North Devon's Only Blue Flag Beach
  • Excellent Onsite Facilities
  • Professional Onsite Management
  • 10-Year Structural Warranty
  • Fully Flexible Resale Options
  • Buyer Interests Aligned with Freeholder
  • TripAdvisor Centre for Excellence

Full description

Tenure: Leasehold

Westbeach provides a rare opportunity to purchase a brand new luxury beachside
apartment on one of the UK's most popular stretches of coastline.

Buyers benefit from an impressive 10-12% NET Fixed Income for 10 Years, with no additional costs throughout this period. Contracts are underwritten by the developer's large asset base and a 10-year build warranty provides enhanced security.

This quality new-build development is being constructed and released in phases, with phases I and II already fully operational. Phase III includes 32 two-bed apartments and just four deluxe 3-bed duplexes, with completion scheduled for November 2017.

Location Highlights:

✓ Situated on Devon's Beautiful Golden Coast
✓ Most Popular Region for Domestic Tourism
✓ Short Walk from Award Winning Sandy Beach
✓ Designated Area of Outstanding Natural Beauty
✓ Recognised as Holiday Home Hotspot

Development Highlights:
✓ Proven Income Generation from Phase I
✓ Fully Furnished to a High Standard
✓ Award Winning Developer
✓ Two-Bed Apartments & Limited Number of 3-Bed Duplexes
✓ Incentivised Developer-Owned Hotel Operator

Investment Highlights:
✓ Fixed Yields: 10% NET (Years 1-5), 12% NET (Years 6-10)
✓ Full Ownership: 125-Year Leasehold
✓ Contract Underwritten by Asset Rich Developer
✓ Strong Yield Driven Capital Growth
✓ Available from 160,000

Listing History

Added on Rightmove:
21 June 2016

Map & Street View

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