Hospitality

Rooms

Location
Woolacombe, a picturesque seaside village in North Devon, experiences a significant influx of visitors during the summer months, transforming from a quiet community of around 700 residents to a bustling holiday destination. While exact annual tourist numbers aren't publicly available, various indicators highlight the area's popularity.

Accommodation
Size: Approximately 9,063 sq ft (842 sq m) • Layout: Split-level ground floor premises • Seating Capacity: 180 internal covers and 90 external covers • Facilities: Fully fitted restaurant with an extensive commercial kitchen and backup facilities Luxury Apartments: Potential to convert upper/lateral areas into 4–6 holiday or residential apartments, each with sea views and outdoor terraces. Commercial/Retail Unit: Ground floor or split-level retail, café, coworking hub, or wellness studio

Tenure
Freehold. Title number DN238912

Rateable value
The adopted rateable value is £45,750 as of 1st April 2023. Sourced from VOA.

EPC
We currently await a copy of the Energy Performance Certificate.

Potential Use (STPP)
- Luxury Apartments: Potential to convert upper/lateral areas into 4–6 holiday or residential apartments, each with sea views and outdoor terraces. • Commercial/Retail Unit: Ground floor or split-level retail, café, coworking hub, or wellness studio. • Holiday Letting Viability: Strong seasonal demand – Woolacombe sees significant tourist influx annually, with occupancy rates for holiday lets reaching 90–99% in summer

Visitor Trends and Accommodation Demand
• Tourist Information Centre Engagement: The Woolacombe & Mortehoe Tourist Information Centre's website recorded approximately 495,923 page views and 300,751 sessions in 2024, reflecting strong online interest in the area. • Holiday Park Bookings: Woolacombe Bay Holiday Parks reported occupancy rates reaching up to 99% during peak seasons, with bookings surpassing pre-pandemic levels in 2022. • Online Reviews: Woolacombe Beach has garnered over 3,800 reviews on TripAdvisor, with approximately 81% rated five stars, indicating a high level of visitor satisfaction and repeat interest.

Property Value Growth in Woolacombe
EX34 Area (Ilfracombe & Woolacombe): Properties in this postcode have seen a significant rise, with average prices increasing by 51.3% over the last five years. This trend indicates strong demand and investment interest in the area. • Recent Sales Data: In the past year, the average property price in Woolacombe was approximately £490,973, with detached homes averaging £675,494. This represents a 6.61% increase over the previous year, suggesting sustained growth . • Local Comparisons: For context, the average house price in North Devon was £287,000 in December 2024, and in West Devon, it was £306,000. Woolacombe's higher average prices reflect its premium location and appeal.

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.