Opis:

Second Floor Single Bedroom, Atlantic Bay Hotel
Property Description
This lovely single bedroom is situated within the imposing Atlantic Bay Hotel development in Woolacombe and provides an attractive alternative to the traditional buy-to-let property investment, at an affordable entry-level price, with no stamp duty or additional fees or charges.
Generously sized, the bedroom is fully furnished to an exceptional standard and is serviced by an experienced hotel operator.
An outstanding investment opportunity, buyers receive 10% NET rental returns p.a. for 10 years and benefit from a 125% sell-back opportunity in year 10, ensuring an exceptional return on investment. The hotel will be fully managed by an experienced operator, offering a completely hands-off, hassle-free return on investment.
With a rich history, starting life as a traditional Victorian guesthouse before being completely remodeled and extended to create the distinctive 1960s building which remains today, 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 very same high standards and will comprise of a total 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.
With its stunning location it is no surprise to learn The Atlantic Bay Hotel is a hugely popular venue for weddings and events, and with its unrivaled views across the bay, it enjoys year-round bookings.