Stunning Coastal Holiday Apartments With Development Potential For Sale

Paignton, Devon, UK

Asking Price:: £595,000

Turnover:: Undisclosed

Net Profit:: Undisclosed

Successful freehold coastal holiday letting business comprising four high-quality self-contained apartments, private guest parking and a detached chalet with planning consent for a two-bedroom holiday lodge, all within a short level walk of Goodrington Sands Beach in Paignton.

Blue Waters has operated as a holiday letting business since the 1960s and benefits from strong occupancy levels, strong online visibility, consistently positive guest reviews and a high level of repeat custom. The four interior-designed apartments have undergone significant refurbishment and improvement in recent years and offer a mix of one and two-bedroom accommodation, appealing to couples, families and short-break visitors. Each apartment has its own private entrance and modern self-catering facilities, with features across the accommodation including Smart TVs, en-suite facilities, slipper baths, conservatories, sea views and private garden seating areas. Heating, electricity, bed linen, towels and Wi-Fi are included for guests. Three apartments are pet-free, while Shoreline accepts pets.

A significant additional opportunity is the detached chalet within the grounds, which benefits from planning consent for conversion into a two-bedroom holiday lodge under Torbay Council planning reference P/2023/0595. The broker identifies this as an opportunity to create an additional letting unit or ancillary accommodation and potentially increase income.

The property also offers considerable flexibility for a lifestyle purchaser. The two principal flats within the main building were historically configured as larger private accommodation and could be reinstated to create a substantial coastal residence, enabling an owner to combine a private home with income from the remaining holiday apartments.

Further growth opportunities identified by the broker include seasonal pricing strategies, enhanced off-peak marketing and potential repositioning within the premium holiday sector. With a long trading history, established reputation, strong coastal location, multiple income-producing apartments and further development potential, Blue Waters offers an attractive South Devon holiday letting and home-and-income opportunity.

Property Information

Property:: Freehold

Location:

Blue Waters Holiday Apartments occupy an enviable position in the popular seaside district of Goodrington, Paignton, just a short, level walk from the award-winning Goodrington Sands Beach.

Goodrington is known for its sandy shoreline, colourful beach huts, water sports and visitor attractions. Splashdown Quay West Water Park, the boating lake, coastal paths and promenade are all within easy reach.

The area forms part of the English Riviera, one of the South West's established coastal tourism destinations. Paignton provides convenient road and rail connections, with Torquay, Brixham, Totnes and Dartmouth also accessible. Nearby cafés, restaurants, amusements and leisure facilities add to the area's appeal for couples, families and holidaymakers.

Premises Details:

The freehold property comprises four well-presented, self-contained holiday apartments, landscaped outside areas, private guest parking, shared utility facilities and a detached chalet with planning consent for conversion.

Serenity Sands is a ground-floor apartment with an L-shaped open-plan living area, 55-inch Smart TV and electric wood burner, dining area and fitted kitchen with electric oven, induction hob, microwave and fridge/freezer. A conservatory provides additional seating. The king-size bedroom has built-in storage and a 32-inch Freeview TV, with an en-suite featuring a freestanding slipper bath, rainfall shower, heated towel rail and WC.

Shoreline is a ground-floor apartment entered through a porch/conservatory with seating. It provides an open-plan living area with 40-inch Smart TV, dining area and fitted kitchen with electric oven and hob, microwave and fridge/freezer. The bedroom has a zip-and-link super king-size bed that can be configured as twins and a Smart TV. The bathroom includes a bath, walk-in rainfall shower, heated towel rail and WC.

Beau Rivage occupies the first floor and provides open-plan living, dining and kitchen accommodation with a 55-inch Smart TV and views towards the sea. The fitted kitchen includes an electric oven, ceramic hob, microwave and fridge. There are two bedrooms, both with TVs and en-suite facilities. The front twin bedroom enjoys sea views.

Driftwood is a ground-floor apartment with an open-plan living, kitchen and dining area, Freeview Smart TV and fitted kitchen with electric oven and hob, microwave and fridge. The bedroom has a zip-and-link super king-size bed that can be configured as twins. A contemporary shower room provides a walk-in shower, heated towel rail and WC.

Outside is a well-maintained enclosed garden with separate patio areas and a newly erected raised composite decking area to the front. Private guest parking is provided at the front of the property.

An external utility room provides a washing machine and tumble dryer as a shared facility.

A detached single-storey chalet within the grounds benefits from planning consent for conversion into a two-bedroom holiday lodge under Torbay Council planning reference P/2023/0595.

The property benefits from gas central heating.

Planning Consent:: Planning consent for conversion of the detached chalet into a two-bedroom holiday lodge. Torbay Council planning reference P/2023/0595.

Energy Performance Rating:: D

Business Operation

Expansion Potential:: Planning consent exists for conversion of the detached chalet into a two-bedroom holiday lodge, providing scope for an additional letting unit or ancillary accommodation. The two principal flats within the main building were historically configured as larger private accommodation and could be reinstated to create a substantial residence alongside the remaining holiday lets. The broker also identifies opportunities through seasonal pricing strategies, enhanced off-peak marketing and potential repositioning within the premium holiday sector.