The Esplanade, Woolacombe, EX34

Investment Opportunity in Devon Coastal Property

Chichester House, formerly the Barricane Hotel, offers a unique investment opportunity in a grand, historically rich semi-detached property. Located along the stunning Devon coastline, it features multiple holiday apartments with potential for further development, including converting existing rooms into up to four additional letting units.

Prime Location

With uninterrupted views of Woolacombe, Barricane, and Combesgate beaches, this property is ideally situated for attracting tourists. Its proximity to local amenities including shops, restaurants, and surf schools enhances its appeal. The area is also well-known for its excellent golf courses and equestrian facilities, with nearby stables and horse-riding opportunities adding to the lifestyle offering. Popular with surfers, hikers, and holidaymakers alike, the location ensures a steady stream of visitors.

Current Operations and Potential

Currently operating successfully as a holiday let business with owner accommodation, Chichester House is consistently booked during peak seasons. The flexible layout and mostly stud walls allow for cost-effective reconfiguration, maximizing rental income potential.

Detailed Layout

Ground Floor: Includes owner's accommodation, multiple rooms with potential for conversion, and a games room.
First Floor: Features three letting units with sea views and balconies.
Second Floor: Hosts two additional letting units, offering a mix of double and twin bedrooms.
Outdoor Spaces

The property includes a front patio and a secluded rear patio with elevated coastal views, enhancing guest experiences. Access is provided via a well-maintained private road.

Additional Information

SELLER FINANCING A POSSIBILITY, TO BE NEGOTIATED WHERE APPROPRIATE

Contents and furnishings of the holiday apartments can be included. Plans and a topographical survey are available upon request. All mains services are connected.

This property represents a versatile