Watermouth, Berrynarbor, Devon

2 Bedroom Semi-Detached Bungalow for sale in Devon

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Excellent holiday investment opportunity
Delightful tree-lined small and select holiday park on the North Devon Coast
On-site facilities including an outdoor swimming pool, restaurant, bar and sun terrace, convenience store and multi-sports court
Just minutes' walk from the pretty Watermouth Cove and close to the many attractions North Devon has to offer
2 bedroom lodge with 15ft long living room
Garden area included
Producing nearly £20,000 of annual rental income!

Watermouth Lodges is a delightful holiday park located on the stunning North Devon coast. The tree-lined park sits in an elevated location close to Watermouth Castle Theme Pak and the South West Coastal Footpath.

The small and select park has a family run feel and a range of on-site facilities which help attract visitors of all ages. The facilities include an outdoor heated swimming pool, a restaurant and bar with its large sun terrace, an ideal place for a morning coffee or evening drink. In addition there is a well-stocked 'essentials shop' selling a range of handy products and a tennis and multi-sport court set up for tennis, football and basket ball. Watermouth Castle Theme Park is an immediate neighbour and provides a further range of full activities and sights for all age-groups.

Watermouth is situated twixt the seaside town of Ilfracombe and the coastal village of Combe Martin and has acces to the many facilities, amenities and attractions that North Devon has to offer. The park provides a great base from which to explore the delights of the area with the Exmoor National Park with its stunning scenery and clifftop walks, bridleways, footpaths and tumbling rivers, woodland and open moorland just a short distance away. The outstanding golden sand beaches at Woolacombe, Putsborough, Croyde and Saunton area all just a 20 minute drive away and there are an array of rocky coves and bays to explore and enjoy. North Devon also has a variety of tourist attractions, theme parks, stately homes and events to enjoy and quirky characterful villages and towns. There are many high quality restaurants and public houses in the area serving a wide selection of hearty fare to suit all pockets and tastes. There are excellent golf courses in the area with the most well-known being at Saunton with its two links courses, one being at championship standard. The nearest is the course at Ilfracombe Golf Club which enjoys a sea view from every tee! Ilfracombe is just 3 miles away and is set in a delightful coastal setting with its harbour and working quay, there are a range of amenities, shops and supermarkets, restaurants and pubs, schools, a theatre, banks and all the things you need day to day. The coastal village of Combe Martin is 2 miles away. Barnstaple, North Devon's main trading centre, is just 10 miles away and is a market town with further facilities and many of the big name shops. There is a rail link to Exeter and Tiverton stations which connect to major London terminals and direct access on to the A361 North Devon Link Road which joins the M5 at junction 27. The Cathedral City of Exeter is approximately 50 miles away.

Lodge 20 is perfect for a family (or group) of 4 persons. The accommodation comprises an ample 15ft x 14ft open plan living/dining room and kitchen area which is well-fitted and equipped. There is a family bathroom with a shower over the bath and the two bedrooms are set up as double and twin rooms. Gas fired central heating and uPVC double glazing provide all year round comforts. A real highlight of this lodge is the garden area that the property has ownership of and which and provides a great space for an al-fresco meal, drinks and sun bathing. There is parking allocated for the lodge immediately adjacent to the building.

The income for this unit is impressive, pulling in £20,000 from the 2022 season and just over £16,000 for 2023 with an average daily rate of £108.54 making the lodge not only great for your own getaway but it will be working hard for you as well, generating a tidy annual return. There are already some bookings in for the 2024 season with the overall annual income expected to be higher than 2023. The park offers a full holiday management service allowing for arms-length involvement from the owner, if required. Further details are available upon request.

We fully advise a visit to the park to appreciate the facilities on offer and the accommodation available.

AGENTS NOTE:
The property is being sold on a 99 licence agreement with the Park. There is a site service charge of £2,000 per annum for this lodge and that includes general maintenance of the site; this is paid in April and October. The lodges are subject to a holiday only use and cannot be used as a main residence. Pets are allowed on the park and in the restaurant/bar area. The various utilities are provided by the site and are billed once a year; the site recommends lodge owners to install meters for gas, electricity and water. This year the utility charge for a similar lodge is £1,100.

Applicants are advised to proceed from our offices in an easterly direction heading out of town on the A399 towards Combe Martin. Continue along this road for 3 miles passing through Hele Bay and past Ilfracombe Golf Club. Approximately 1 miles on from the Golf Club, turn right into the entrance to Watermouth Castle and then immediately follow the road around to the left and up the hill. The entrance to Watermouth Lodges will be found towards the top of the hill, immediately in front of you. Continue up the drive into the Park and follow the road into the site car park.

Important information

Property Ref: 55837_ILF230322

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