Devon Bay Hotel is located in Ilfracombe, the second largest settlement in the district. Devon Bay is within walking distance of many attractions including Ilfracombe Aquarium, Chambercombe Manor and Larkstone Leisure Park. It’s also just a two minutes’ walk away from the beach.
The hotel is already fully operational since March 2016 so investors can have peace of mind that there is no development risk, making this a solid investment for those looking for a safe investment.
The hotel offers all the facilities to ensure its guests have a comfortable stay. Some features of the hotel include:-
Devon has been benefitting from a booming tourism industry in the past few years. In 2014 it saw a 46% increase in tourist visits, the biggest rise in the whole of the UK. There has also been an increase in business from tourists that have come from overseas, with £244 million spent in a three month period between July and September 2014 – a 29% increase from the previous year. More foreign visitors came to Devon last year than any year since figures were first recorded in 2006.
Ilfracombe boasts a number of cultural attractions, and not least is home to Damien Hirst’s 20m tall statue Verity. The town is also home to a collection of galleries featuring work from both domestic and international artists.
This properties stunning location and attractive rental yields means there are only a few units remaining. Contact us today to find out how Devon Bay can become a great investment for you.
Buy Back at year 5
5 year Return on Investment