Coastal holiday apartments up for auction

Two holiday apartments on the same Noth Devon leisure resort are coming up for auction this month as investment opportunities.

They are among 149 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

Both are on the Westbeach Resort Holiday Park Resort, Bath Hotel Road, Westward Ho!.

Two-bedroom Apartment 1105 is listed with a leasehold guide price of £65,000-plus and offered with vacant possession at the firm’s auction which ends on Wednesday 13 December.

The apartment, with partial sea views, comprises an entrance hall, open-plan living room/kitchen, two bedrooms, bathroom with WC and balcony. There is one parking space. Watch the video: https://www.cliveemson.co.uk/properties/246/9/

Top floor Apartment 1320 is leasehold guided £75,000-plus, is also offered with vacant possession.

The two-bedroom apartment with sea views comprises an entrance hall, open-plan living room/kitchen, two bedrooms, bathroom with WC and balcony. There is one parking space. Watch the video: https://www.cliveemson.co.uk/properties/246/16/

Auction Appraiser Tom Lowe said: “This is a great opportunity to acquire apartments in a modern development located on Bath Hotel Road, within close proximity of Westward Ho! Beach,

“Local shopping and amenities are easily accessible on Nelson Road and Bideford town centre is approximately three miles south along the B3236 and A386 road links.

“We have been advised by the managing agents that the holiday letting income is generated from a collective rental pool of all the holiday apartments in the development and is split between each unit.

“We are further advised by the seller that between July 2021 and July 2022 the income generated from the holiday lettings was approximately £20,000 per annum and from September 2022 to September 2023 it was approximately £29,000.”

Tenure on both is the remainder of a 125-year lease from February 2012 at a current ground rental of £800 per annum.

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Also in North Devon, overgrown land with planning consent for two homes in a village setting near Umberleigh is listed at the auction.

Hillhead Barn in Chittlehampton is offered with a freehold guide price of £140,000 to £155,000 and vacant possession.

Regional Director & Auctioneer David Henwood said: “This is a rare opportunity to acquire a parcel of land situated in the North Devon village of Chittlehampton.

“Currently occupied by an agricultural building, this overgrown site has planning permission for the construction of two detached and well-proportioned homes.”

The site extends to approximately 0.12 hectares (0.29 acres).

The proposed accommodation comprises two, two-storey homes with entrance hall, open-plan living room, kitchen and family room, shower room with WC and study/bedroom three. The lot can be located via the What3Words app using ref: ///freshen.objective.topic

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Development opportunity near Brixham harbour

A development opportunity with planning consent in place for a drinks establishment and maisonette near Brixham harbour is being offered jointly with Eric Lloyd & Co. It is listed with a freehold guide price of £140,000-plus and vacant possession at the firm’s auction which ends on Wednesday 13 December.

Senior Auction Appraiser Audrey Smith said: “This is a rare opportunity to acquire this superb former shell store, now requiring complete refurbishment and located close to the harbour in the centre of Brixham and with easy access to the central car park.

“This semi-detached property offers development potential and has planning permission for conversion into a ground floor drinks establishment and a large three-bedroom maisonette, arranged over three floors.

“Individuals may wish to consider alternative uses for the property, subject to all necessary consents being obtainable.”

The existing accommodation is a two-storey building with a mezzanine area and two access points into several store rooms. The interior is in a poor condition and the need to take care when viewing the property is stressed. Watch the video: https://www.cliveemson.co.uk/properties/246/27/

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Torquay flats up for auction as investment

Seven flats in a substantial Torquay building are coming up for auction next month as an investment opportunity. (wed 13 dec)

Westwood Villas at 111 Abbey Road, is being offered jointly with Bettesworths, the property has a freehold guide price of £400,000-plus at the firm’s auction.

The property currently generates £30,800 per annum in income.

Senior Auction Appraiser Audrey Smith said: “The freehold of Westwood Villas consists of seven residential self-contained flats, a mixture of two and three bedrooms with a parking area to the front of the property.

“The property is situated in a central location at the top of Abbey Road next to other residential properties and several hotels and is favoured among residents and holiday makers with easy access to the town, seafront and Torre Abbey Green.

“There are four flats remaining under the freehold title with three let on assured shorthold tenancies and one vacant. The other three flats in the building have been sold on long leaseholds, all of which currently pay ground rent.”

The freehold of the property is offered for sale, subject to the existing three assured shorthold tenancies and one vacant apartment, the other three apartments being sold on long leaseholds. Watch the video: https://www.cliveemson.co.uk/properties/246/130/

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A three-bedroom house in Torquay is being offered at the auction as an investment opportunity.

Currently let at £8,820 per annum, 14 Cavern Road is listed with a £115,000-plus freehold guide price.

Audrey added: “This spacious mid-terrace property is situated in a predominantly residential area conveniently located for Torquay town centre. The property is let and is likely to appeal to investment buyers.

The property is let on an Assured Shorthold Tenancy at a current rental of £735 per calendar month and there may be potential to increase the rental income. Watch the video: https://www.cliveemson.co.uk/properties/246/91/

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Also in Torquay, a mid-terrace building arranged as two one-bedroom flats is offered jointly with Winkworth as an investment opportunity.

Freehold guided £110,000-plus, 153 Babbacombe Road is currently part let, generating £6,600 per annum with the recently refurbished upper flat vacant.

The lower flat, which is in good decorative order, is let on an assured shorthold tenancy at £550 per calendar month.

Audrey added: “The property is likely to be of interest to investment buyers and would make an interesting addition to any residential portfolio.”

The property has a rear garden with parking area and is located close to Babbacombe Downs, Oddicombe Beach and local amenities. Watch the video: https://www.cliveemson.co.uk/properties/246/33/

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A three-bedroom house with a long-standing tenant in Torquay is listed as an investment property.

Offered jointly with Winkworth, 59 Shrewsbury Avenue, has a £95,000-plus freehold guide price.

The property is located in the Barton area of Torquay in a mainly residential area and close to local shops and amenities.

Audrey said: “This freehold end-terrace property has been let to the same tenant over the last 27 years and would benefit from a programme of updating.” Watch the video: https://www.cliveemson.co.uk/properties/246/144/

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Yeovil shop investment a cut above

A town centre shop unit in Yeovil, two-storey 48A Middle Street is listed with a freehold guide price of £135,000-plus.

Senior Auction Appraiser Audrey Smith said: “Situated in Yeovil town centre in proximity to large retailers such as Specsavers, Waterstones and Boots, is this mid-terrace commercial property arranged over two floors.

“The ground floor is currently used as a barber shop operating under the name Ginger Chops with the first floor having a large ancillary space.

“Currently let at £15,000 per annum on a five-year lease, the property is likely to be of interest to investment buyers looking to start or add to their property portfolio.”

There is a glazed frontage with a door to the reception area and salon and an inner lobby with cloakrooms. At first floor level is a landing, hallway and open ancillary space with kitchen area. Watch the video: https://www.cliveemson.co.uk/properties/246/56/

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Water-damaged house up for auction

A four-bedroom water-damaged house needing refurbishment in a village setting near Langport is being offered jointly with English Home. It is listed with a freehold guide price of £380,000-plus and vacant possession.

Senior Auction Appraiser Audrey Smith said: “This is a fantastic opportunity to acquire a four-bedroom detached property now in need of internal refurbishment having suffered water damage.

“Orchard Rise sits on a superb plot with large mature garden which extends to 0.13 hectares (0.33 acres). There is ample parking and a double garage.

“There may be potential for extension of the existing property to provide a stunning family home, subject to all necessary consents being obtainable.”

The property is located in Drayton, a sought-after village location situated less than three miles west of Langport where there are many local amenities.

The A303 and larger towns are close by giving excellent road and rail access to Waterloo and Paddington railway stations. The Dorset coastline is 25 miles away. Watch the video: https://www.cliveemson.co.uk/properties/246/128/