PMA have this month obtained planning approval for the development of a property in Woolacombe. This substantial property, located in the heart of this most popular of coastal villages, is currently a mixed use current being a large House of Multiple Occupation (HMO), Launderette and Office now has consent to convert to 6 holiday letting units (amended plans) (amended description).
“This planning permission creates the opportunity for modernisation and refurbishment, by conversion to a new use, offering viability and sustainability” explained Perry Mears, Director of Peregrine Mears Architects (PMA).
We understand the owners are now considering the sale of the property, offering an exciting prospect to acquire a development project in South Street Woolacombe, for a great long-term investment opportunity.
Anyone interested should contact Nic Chbat of Match Property 01271 410 108.
Woolcombe, with an enviable national reputation, has a long tradition as a tourist destination, with one of the best beaches in the UK, the adjacent coastline is dramatic, bordered by fabulous rural countryside, much of which is owned by The Natural Trust. The traditional UK holiday season, from say Easter to the end of September, has changed over recent decades, now extends throughout most of the year. Perry Mears continues “We are seeing many of our tourist industry clients current planning or undertaking major refurbishment and upgrading projects throughout the westcountry, embracing modern standards and styles, looking to attract higher rental levels and an increased occupancy rates. We are currently actively planning various projects for the quieter letting periods, towards the end of this year, into 2025. Timing is key, as is the careful planning and tight management of works,which invariably involves numerous aspects and trades. Careful planning reduces risk, significantly increasing the prospects of a project being completed on time, and on budget.
Peregrine Mears Architect