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£2,250,000

The Esplanade, Woolacombe, EX34

  • 14 beds
Semi-detached house

£2,250,000

  • 14 beds
Semi-detached house
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Estimate monthly mortgage payment:

£10,272 per month

Minimum deposit amount:

£112,500
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Chichester House formally known as Barricane Hotel, presents a unique opportunity for investment in a grand semi-detached property rich with history, photos of which can be found to this day along the walls.

Nestled along the stunning Devon coastline, the residence offers uninterrupted panoramic views of Woolacombe, Barricane, and Combesgate beaches.

This versatile property features multiple holiday apartments, with a mixture of facilities. There is potential for further development with the conversation of rooms on both the first and ground floor for the creation of up to four additional letting units.

There is the potential for various uses, with planning being granted for various neighbouring properties. Most of the internal walls are stud, meaning a reconfiguration would be cost-effective.

Situated along the renowned world-famous golden sands, Chichester House offers an idyllic retreat with breath taking views spanning 2.5 miles of beach, extending to Putsborough and Baggy Point. The property with its versatile layout is conveniently located a stone's throw away from the village centre where local shops, coffee shops, and restaurants abound. Multiple surf schools and easily accessible car parks add to the convince for guests.

Chichester House has been successfully operating as a holiday let business with owner accommodation. Its prime location makes it a sought-after destination consistently booked during the vibrant summer months. The property steeped in family history spanning decades, holds a unique charm that resonated with guests.

Woolacombe known for its appeal to surfers, hikers, and general holidaymakers remains bustling with activity. The village's beautiful sunsets and welcoming atmosphere make it a haven for those seeking a memorable getaway. The convenience of proximity to surrounding towns such as Ilfracombe, Croyde, and Braunton adds to the allure providing a well-rounded experience for everyone.

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£10,272 per month
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Stamp Duty tax
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£181,250
Mortgage and legal costs:
£999
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