A development of stunning apartments, which represents one of the largest investments in any North Devon coastal community, is releasing the final phase at the highly popular Byron at Woolacombe which boasts a world-class restaurateur on-site and is located just minutes from a top surfing destination.
The award winning, Woolacombe Bay, renowned for its three miles of golden sand and recognised as one of the top 10 UK beaches* is home to Byron, a development of 57 open-market apartments, many with spectacular views.
Ranging from two to four bedrooms, the holiday homes are designed with bright, free flowing, open interiors, high specification finishes and a terrace, balcony or patio. Every apartment benefits from the on-site hotel style facilities including priority access to the all-day Brundle’s Bar and Restaurant and an exclusive leisure suite with games room, indoor pool, sauna and treatment rooms.
Brundle’s is Woolacombe’s newest, most exciting and largest restaurant, it is led by esteemed chef and local lad, Graham Brundle, whose cv includes a wealth of international experience at the highest levels including The Ritz, The Selfridge, the Jordanian Royal family and managing resorts in the Maldives, Koh Samui and Richard Branson’s Necker Island. In addition to their priority access to the restaurant, Byron residents can enjoy a 365-day exclusive food and beverage service direct to their apartment.
Owning a holiday home at Byron provides the perfect location for holidays with friends and family and is also a lucrative source of additional income. The apartments have been designed with holiday homeowners’ lifestyles in mind and to maximise income as a holiday investment. These open market homes are unrestricted by any holiday occupation clause and with an on-site holiday lettings management service, Bryon offers hassle-free investment.
Recent tax changes to buy to let taxation are making furnished holiday rental property more profitable than buy to let property. Apartments at Byron can be classified as a Furnished Holiday Let (FHL) which brings benefits of capital allowances and other tax benefits compared to Buy to Let, as Furnished Holiday Letting is treated as a business, whereas Buy to Let is treated as an investment in property. Based on the purchase price alone FHL properties at Byron offer tax free profits for up to five years.
Available properties at Byron can be purchased from £375,000 for a two-bed apartment with balcony/terrace, to £650,000 for a sea view apartment with two bedrooms, or a 1,600 square foot apartment with four en suite bedrooms. Each Byron apartment comes with its own private outside space, outdoor secure storage, ideal for surf boards or bikes, plus access to surf shower and the private leisure suite. There is an annual service charge, which ranges from £2,800 to £5,000 for a 1,600 square foot apartment with four en suite bedrooms.
Commenting on the launch of the final phase, developer Sheila Sawyer of Blast Properties said: “Many people are charmed by Woolacombe – it draws them through the generations and our aim was to build on this and increase Woolacombe’s appeal as a year-round destination.
“At Byron we believe we’re offering a complete package for holiday home investors: quality accommodation and services on site, including parking – a rarity in these parts, combined with the on-site holiday lettings management service which takes care of the hassles of letting management. We’re also able to offer guaranteed income deals and special incentive packages which many buyers have found attractive, such as our guaranteed return of a minimum of 5% of the asking price over two years, with the opportunity to use the apartment when it is not being let.”
Sheila added: “What we’re hearing from many of our buyers is that they’ve been used to breaks in North Cornwall for years, enjoying the relaxed north coast vibe. Now, at Byron at Woolacombe they feel it’s a similar experience, but importantly it is closer to home and more convenient. Indeed we even have one buyer from Holland, who finds it easy to fly into Exeter airport and it’s less than 5 hours door to door.”
The final apartments at Byron are now ready for occupation. For more information on available properties to purchase contact the Byron Marketing Suite on T. 01271 871 643 Email. email@example.com Visit www.byronwoolacombe.co.uk.
*TripAdvisor Top 10 beach in the UK for 2019.