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10 bedroom town house for sale
South Street, Woolacombe, Woolacombe, EX34
£675,000
South Street, Woolacombe, Woolacombe, EX34
£675,000
Our 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
- 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
- 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
- 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
Description
This substantial building in Woolacombe, a popular holiday destination, offers a unique investment opportunity. Currently run as a licensed HMO, it has the potential to increase the number of rooms by 30% or more, providing a high yield and return on investment. Additionally, there is full planning consent in place to convert the property into luxury holiday apartments, with six spacious one-bedroom apartments planned. The apartments will feature modern open-plan living spaces, private parking, and private entrances for ground-floor apartments. Woolacombe's award-winning beach, restaurants, and attractions make it a highly sought-after location, ensuring consistent demand for properties. With its brick-built period property, mains services connected, and low risk flood zone, this property presents a fantastic opportunity for investors to capitalize on the area's popularity.