3 bedroom hotel for saleNelson Road
1,248 sq. ft. | £220,000
- Business for sale
- 1,248 sq ft (115 sq m)
- 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
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.
✓ 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
✓ 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
✓ 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
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