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1 bedroom property for sale in Ilfracombe

Price: £54,900

This Property is Markted By :

The Property Supplier
Watlington Business Centre, 1 High Street, Watlington, Oxfordshire, OX49 5PH

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Property Reference: 16358


Full Property Description:

Property Reference: 65136

The Hotel`s excellent location means there is no need for a car as there are a number of attractions within walking distance, including the award-winning Ilfracombe Aquarium, the unique Tunnels Beaches, fascinating Ilfracombe Museum, Larkstone Leisure Park, Hele Cornmill & Chambercombe Manor.

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?
A- Yes, The Hotel has been successfully operating.

Q- How far is the beach from The Hotel?
A- The Beach is only 2 minutes walk away.

Q- How long is the lease?
A- The lease is 999 years.

Q- Can I stay in the room I purchased?
A- Yes, investors will benefit from 2 weeks free stay per annum during ownership.

Q- When will I receive my rental income?
A- You will receive your rental income quarterly.

Q- What is the payment plan?
A- The payment plan is 10% to reserve, 90% on exchange. Exchange & completion will happen simultaneously.


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.


Property Features:

  • ?500 CASH BACK INCENTIVE
  • 5 Years Rental Income
  • 110% Buy Back Option
  • Great Location
  • Immediate Income
  • Free Parking
  • 2 Weeks Free Stay Per Annum For Investors During Ownership
  • 999 Years Leasehold
  • Attractions Located Nearby
  • Completed Investment

Property Brochure:

This has yet to be provided by the Agent


Energy Performance Certificates (EPC):


    This yet to be provided by Agent


Floorplans:

This has yet to be provided by the Agent


Agent Contact details:

Company: The Property Supplier
Address: Watlington Business Centre, 1 High Street, Watlington, Oxfordshire, OX49 5PH
Telephone:
Click to Show Agents number
Website: http://www.thepropertysupplier.co.uk

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