For Sale · Lease Option · JV
A versatile North Devon investment, structured your way.
Whether your objective is a residential rental portfolio, a holiday letting business, a mixed-use development play or a coastal lifestyle acquisition — Seaside Apartments can be structured to suit.
Rental
£9,000 pcm
Whole building rental
Take on the operation with existing leases and occupancies passing to you as new operator — an immediate income-producing opportunity.
Purchase
POA
Outright sale
Freehold acquisition of the entire mixed-use building including seven apartments, two retail units and additional conversion potential.
Structured
By negotiation
Lease option to purchase
Secure the property under a lease with an agreed option to acquire — a flexible route for operators and developers alike.
Partnership
By negotiation
Joint venture
Development-led JV proposals will be considered where value can be added through refurbishment, reconfiguration or expansion.
Development Potential
Room to grow — to the rear of the building.
The outlined aerial shows the full extent of the site. Beyond the existing footprint, there is meaningful scope to develop to the rear of the building — additional apartments, extended accommodation, or ancillary use — subject to planning approval.
Additional space within the building also offers scope to create a further two-bedroom apartment (STPP), extending the income base of the property.
Key highlights
- ◆Prime location in Combe Martin, North Devon
- ◆10-unit mixed-use property under one freehold
- ◆Seven established apartments (£750–£1,050 pcm)
- ◆Two commercial retail units on Borough Road
- ◆Entire building potentially available from £9,000 pcm
- ◆Existing leases and occupancies can pass to a new operator
- ◆Over 50 years of established holiday letting heritage
- ◆Rear-of-building development potential (STPP)
- ◆Additional apartment conversion potential (STPP)
- ◆Lease option to purchase considered
- ◆Walking distance to beach, village and coast path
Arrange a viewing
Speak with Colin Davison at Cranleys
Call, WhatsApp or email — enquiries welcomed from investors, developers, landlords and business owners throughout the UK.