ATLANTIC BAY HOTEL, WOOLACOMBE, DEVON

Prices from £55,000

*For sale through joint agents Lawrence Copeland Town & City Centre and Quantum Portfolio Limited

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 remodelled 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 a very high standard 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 unrivalled views across the bay, it enjoys year-round bookings.