Devon Bay Hotel

Devon Bay Hotel is located in the coastal Town of Ilfracombe which, with population of over 12,400, is the second largest settlement within the district. The Hotels excellent location means there is no need for a car as there is a number of attractions within walking distance, including the award winning Ilfracombe aquarium, the unique Tunnels Beaches, fascinating Ilfracombe Museum, Larkstone Leisure Park  & Chambercombe Manor.

  • Completed Development
  • Invest From Just £54,900
  • 5 Years Rental Income
  • 110% Buy Back Option Available
  • Great Location
  • Immediate Income
  • Free Parking
  • 2 Weeks Free Stay For Investors Per Annum During Ownership
  • 999 Years Leasehold
  • Furniture Included

Golf course, Tennis Courts, Swimming Pool & Musceums are all a few minutes walk away.

 

Devon Bay Hotel & its friendly professional staff offer all the modern day facilities & services needed to ensure that guests experience a comfortable & memorable stay:

 

  • 24 Hour reception
  • Licensed bar
  • Lounge areas
  • Function room
  • Business suite
  • Private dining room
  • In-house laundry services
  • Restaurant open to public
  • Live musical entertainment
  • Free parking

 

Investment Overview:

Unit Price: £54,900

9% returns per annum: £4,941

Total income in 5 years: £24,705

 

The figures above are NET, excluding ground rent. The ground rent is £400 per annum.

 

There is also 110% buy back option available in year 5.

 

FAQ’s:

Q- Is the Hotel operating?

  1. Yes, The Hotel has been successfully operating.

 

Q- How far is the beach from The Hotel?

  1. The Beach is only 2 minutes walk away.

 

Q- How long is the lease?

  1. The lease is 999 years.

 

Q- Can I stay in the room I purchased?

  1. Yes, investors will benefit from 2 weeks free stay per annum during ownership.

 

Q- When will I receive my rental income?

  1. You will receive your rental income quarterly.

 

Q- What is the payment plan?

  1. The payment plan is 10% to reserve, 90% on exchange. Exchange & completion will happen simultaneously.

 

The Property Supplier

For more information on Devon Bay Hotel please contact:

+44 (0)1494 416 196 (UK)

OR

+852 53034685 (Hong Kong)


Online Enquiry