Sold out- Atlantic Bay Hotel, Woolacombe
£60,000 1 1
10% per annum
125% after 10 years
We are delighted to announce an impressive addition to our hotel investment portfolio in a Victorian seaside resort whose star is on a major rise.
The North Devon Coastline provides the picture-perfect setting for Woolacombe, where The Atlantic Bay Hotel, will become the third property in this developers Premier Hotel Collection.
This stunning and imposing hotel holds a commanding position on the headland above Woolacombe’s legendary sandy beach and clean Atlantic Ocean waters. The Atlantic Bay Hotel will provide a welcoming retreat for the growing number of visitors to this hugely popular resort.
The Atlantic Bay Hotel is prominently positioned above Woolacombe with elevated views over the surrounding National Trust countryside and coastline.
The Atlantic Bay Hotel will undergo further renovations to transform it into one of the Devon’s must-stay-in
hotels. It will be lovingly renovated to the same high standards as The Llandudno Bay Hotel and will
comprise of 96 bedrooms, made up of double, twin and family rooms plus palatial suites.
In addition the hotel will boast indulgent lounge areas, large conference and event facilities, a fine dining Premier Collection restaurant, swimming pool and fitness suite and a relaxing cocktail lounge and bar.
The sympathetic work will transform it into a stunning four-star hotel and spa which will further enhance its reputation as the region’s most exclusive destination for holidaymakers, weddings and conferences.
Double room - £60,000*
Assured 10% net return every year for 10 years
125% buy back at the end of year 10
£7,500 pa paid annually in arrears with buy back of £93,750
2 weeks personal usage included
*Cash investment based on 1st 2 years rental returns paid upfront in the form of a discount on asking price of £75,000
£500 reservation fee
Exchange within 28 days of reservation
Panel solicitors available on request (free legal fees if exchange within 28 days)