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Property description

Stuuning coastal home with A wow factor producing an excellent annual income from holiday letting!

Gordon Lodge is an exciting recently completed development of just three very high quality coastal apartments, finished to an exceptional standard to create wonderful contemporary coastal living in arguably one of North Devon's finest locations in an area of outstanding natural beauty. Apartment 2, known as Seaglass, is located on the first floor of the building and has an abundance of space and enjoys the superb far reaching views over Woolacombe Bay and the rugged coastline. The sunny, elevated location offers a quieter position away from the hustle and bustle of the village centre yet still allows easy access to the local amenities, the picturesque walks along the South West Coastal Footpath and, of course, the fabulous golden sand beaches. The apartment provides a great vantage point for the stunning sunsets that are regular throughout the year and there is a superb sea facing balcony.

The apartment is extremely well finished with the building being virtually re-built in its entirety, just two years ago, with great care and attention to detail to ensure maximum comfort and use of the space. Seaglass has spacious accommodation amounting to approximately 105m2 (1,130ft2). As mentioned above, there is the considerable benefit of a generous sized 21ft long sea facing balcony which is directly accessible from the living room and bedroom 2 and has space for outdoor furniture. In addition, there is an allocated car parking space and a further two additional visitors parking spaces (shared with the other apartments within the building). Furthermore, a 2m2 external storage unit provides ideal for storage for surf boards, beach and outdoor equipment.

In brief, the accommodation comprises a private entrance hall, a superb bright and airy open plan 24ft x 22ft living/dining room and kitchen with sea and coastal views, 3 generous sized bedrooms with bedroom 1 having its own en suite shower room as well as a separate family bathroom.

The sleek, modern interior has been professionally designed and styled and is bright and airy with the majority of the rooms enjoying views of the sea and coastline. There is a top class finish throughout using stylish fittings and decor presenting the home with a state of the art interior that is ideal as a permanent home, a high-quality second home or as a high-class holiday let. The kitchen has fully fitted Masterclass units, integrated Bosch appliances and Arenastone Concreto worktops. The family bathroom and the en suite are fully tiled and fitted with wall hung Duravit ceramics and vanity units with illuminated mirrors and matt black crosswater taps and showers. There is an underfloor heating with smart thermostats throughout, fired by a gas Viessman combination boiler with 80l storage facility. All of the windows and doors have high energy performance ratings. The apartment is finished, ready for immediate use with Amtico Nordic Oak herringbone flooring in hallways and living areas and wool carpets in the bedrooms. The furniture and equipment within the apartment is also available to purchase by separate negotiation if required. For further peace of mind, there is the balance of a 10 year Buildzone structural warranty.

This beautiful home would be ideal for the holiday letting market with excellent returns possible. The property is currently used for this purpose and further information on the rental income is available upon request. For furnished holiday letting, there is a little known tax incentive which could be exploited known as Capital Allowance. This would give the new owner wanting to use the property as a furnished holiday let substantial savings on their income tax. Again, further information on this is available upon request.

Woolacombe sits on the rugged North Devon Coast and amidst the surrounding National Trust land and is an extremely popular and well known village throughout the UK primarily due to its stunning golden sand beach. Many visitors flock to the area throughout the year but especially through the summer months. The village has an array of facilities which include a variety of small independent shops, a selection of cafes, bars and restaurants to suit all pockets and tastes, a Primary School which has an 'outstanding' rating from Ofsted. As well as the 2 1/2 miles of golden sand that stretch across towards Putsborough there is Barricane and Combesgate beaches which have rock pools to explore and the former having a beachside kiosk selling delicious Sri Lankan curries through the summer season. The houses are also just a few minutes stroll from Grunta beach which is a smaller and quieter private cove. The surrounding National Trust Land provides miles and miles of walking enjoying some of the finest coastal scenery on offer. There are a variety of leisure facilities and excellent nearby golf courses with the best known being the two links courses at Saunton, one of which is at championship standard. The Exmoor National Park is also just a short drive away.

Barnstaple is North Devon's main trading centre and is approximately 12 miles away and has many of the bigger name shops, a rail link to Exeter which has direct trains to the Larger London Stations, and direct access on the main A361 North Devon Link Road which joins the M5 at junction 27. There is a helipad at Chivenor and the nearest airports are at either Exeter or at Bristol

A full internal viewing is an absolute must to fully appreciate the style and quality of this outstanding coastal home.

Lease details

The property is leasehold with the balance of an original 999 year lease which commenced in 2022. The freehold is owned by two of the apartment owners (one of which is the seller of this apartment). The apartment is responsible for 36% of any of the shared outgoings. The service charge is currently £170.64 per month (£2,047.68 per annum) and includes maintenance of the common and external areas and a contribution to the building insurance policy. There are no restrictions on holiday or assured shorthold letting and pets are allowed in the building for owners (not holiday guests) with the prior written consent from the Management Company.<br/>Applicants are advised to proceed from Barnstaple on the main A361 sign posted Braunton and Ilfracombe. Follow the road through Braunton for approximately 10 miles to Mullacott Cross roundabout. At the roundabout take the right hand exit sign posted Woolacombe & Mortehoe and continue along this road for approximately 2 miles. Turn right at Turnpike Cross just before the Fortescue Arms Public House sign posted Mortehoe, follow this road for approximately 2 miles into the centre of the village of Mortehoe. Continue to follow the road through the village centre and then head down the hill towards Woolacombe. Continue down the hill for approximately a quarter of a mile and Gordon Lodge will be found shortly after Mortehoe Apartments on the left hand side.