+44 (0)1275 866445
info@coynegroup.co.uk

Holiday Lets - Westward Ho, Devon

Project Overview

  • UK investment opportunity
  • Asset backed investment 
  • Project specific SPV
  • Residential project - 21 luxury apartments
  • Impressive annual income based upon a year let
  • Popular tourist coastal destination
  • Senior debt raised: circa £3million
  • GDV: circa £6million
  • 60% LTV


Westward Ho! provides a picturesque family holiday escape. It’s two-mile long beach is perfect for family days out and for watersports enthusiasts on top of being held in high regard amongst the international surfing community. The village itself backs onto the Northam Burrows Country Club and is home to a Global Top 100 golf course. Originally established as a tourist resort, this excellent golf course provides a large draw to the area. Further, there is a large number of other attractions, as well as a wealth of quality pubs and restaurants - something which is expected of the area. Westward Ho! sits on the South West Coastal Path, one of the worlds greatest walks (Lonely Planet). The diverse and beautiful scenery which includes impressive cliffs and secluded bays mean visitors flock here on a regular annual basis. The South West of England was voted best region in the 2016 Visit England awards for the 4th consecutive year. It attracts nearly a third of all UK domestic tourists, as well as sustained high levels of international visitors.

Atlantic Way is positioned at the heart of Westward Ho!, with its variety of unique attractions and excellent choice of restaurants, the famous beach is a short walk away, with the newly refurbished tidal pool providing additional options for families. Holiday Apartments, otherwise known as Apart-Hotels, are the UK hospitality sector’s fastest growing property form, with Savills forecasting that supply is set to double by the end of 2017. The sector has exploded into the public consciousness in recent years, with AirBnB playing a major role in increasing awareness of alternative accommodation forms away from the hotel sector. Holiday Apartments are much larger than hotel rooms at a comparable rental level. They offer a self-contained home-from-home, with private kitchens and communal areas. They are also more comprehensively equipped than hotel rooms, and their lower entry level has made them very poplar with families and large groups of people, as well as business travellers.

 




offices:
Bristol

Quays Office Park
Conference Avenue
Portishead
Bristol
BS20 7LF

+ 44 (0)1275 866445






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+44 (0)1275 866445 info@coynegroup.co.uk