0 Bedroom Apartment For Sale
£90,000

Beach Road, Woolacombe, Devon, EX34 7AB


Interested in this property? Call: 01342 837783 & Request Details
Property description

10% NET INCOME ASSURED FOR 10 YEARS

* 125% DEVELOPER BUYBACK AT YEAR 10

* STAMP DUTY EXEMPT OPTIONS, FROM £55,000

* PERSONAL USAGE AVAILABLE FOR OWNER

* FULLY FURNISHED AND FULLY MANAGED

* DEVELOPER WITH PROVEN TRACK RECORD

ATLANTIC BAY HOTEL

HOTEL ROOM BUY TO LET WITH PERSONAL USAGE OPTION

THE OPPORTUNITY

10% NET income for 10 years and developer buyback exit strategy of 125% at year 10 or 137.5% on year 15. In addition to this, landlords can take advantage of the no closing cost options. Including free recommended solicitors [t&c’s apply] and no stamp duty to pay. All owners also receive a personal usage option.

RENTAL & MANAGEMENT OF UNIT

A leaseback arrangement is a financial transaction whereby a seller of an asset (the developer) leases back the same asset from the purchaser (you).

The operator, Giant Hospitality in this case, assumes all responsibilities for the day-to-day running of your unit and for all costs.

Unlike a traditional buy-to-let, you are not responsible for: monthly property management fees, property maintenance, refurbishment, or any tenant-related issues, including vacant periods that may result in a loss of earnings. This opportunity provides a hands off, hassle-free, income-generating asset.

TYPES OF UNITS

£55,000 – £100,000

Singles, Double, Double Suite, Family – Sea View and Rear Facing

INCOME

10% net income for 10 years

DEVELOPER BUY-BACK EXIT STRATEGY

125% YEAR 10 OR 137.5% YEAR 15

PERSONAL USAGE

During refurbishment – 1 week pa

Post refurbishment – 2 weeks pa

SOUGHT AFTER LOCATION

Woolacombe is a beautifully preserved Victorian coastal resort, with three miles of award winning beach and untainted Atlantic waters bookended by the craggy headlands of Morte Point and Baggy Point.

The North Devon Coast, an Area of Outstanding Natural Beauty in the West Country tourism honeypot, provides the stunning setting for this unspoilt seaside gem, whose huge appeal to surf seekers lends it a hipster edge that few resorts can boast.

CONTACT US

For a brochure, available units & floor plans and to discuss your requirements.

Beach Road, Woolacombe, Devon, EX34 7AB, United Kingdom

90,000 GBP

 

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