Property of the Week is Romford Lodge, a beautiful, fully refurbished holiday let property located between Preston
and Paignton beaches.
The property is being offered at an asking price of £850,000 for the freehold interest.
Romford Lodge, in a prime coastal location, is a three-storey, detached property which has been completely renovated and refurbished in a beautiful ‘New England’ style, now providing a stunning building with sea views, lending itself to a variety of uses.
The property comprises 10 superior en-suite letting rooms together with two principle reception rooms and a fully fitted, bespoke kitchen.
The property has also been remodelled to include a ground floor, disabled letting room with wet room.
The building has an overall gross internal area of 3,401sq ft (316 sq m).
The renovation has been a complete top-to-bottom project with the property being almost entirely rewired
Romford Lodge is located on Marine Drive, the coastal road which sweeps through from Preston to Paignton seafront.
The property is approximately 200 yards equidistant between the two main beaches and greens of Paignton and Preston.
It is perfectly situated as a holiday home or guest house, being only a few minutes walk from Torbay Road, leading
to Paignton town centre and the railway and bus station.
This seaside property would make a fantastic 'big house' holiday let with the ability to command considerable letting income throughout the year.
The property is currently arranged as flexible space, but would lend itself to a 10 bedroom/11 bathroom house,
sleeping 22 guests.
A professional estimate of gross income is based conservatively on approximately £120,000 per annum.
Alternately, Romford Lodge could be let out on a private ‘Airbnb basis’, maximising income with shorter stays and potentially generating more revenue.
The property would also lend itself to operate as a state-of-the-art boutique guest house/ small hotel, especially given its seaside location and easy access to the town and beaches.
Equivalent hotels in Torbay command around £150-plus per night for comparable accommodation.
Matt Bettesworth, who is handling the sale on behalf of licensed and leisure agents Bettesworths, said: "Romford Lodge is a unique property, given its location and superior standard of accommodation which will lend itself
to either a private investor looking for a significant rental return or owner/operator wishing to maximise the revenue as a guest house/hotel.
"Either way it is a stunning property, both inside and out, and an early viewing is recommended."
Romford Lodge is on the market with an asking price of £850,000. For details, or to book a viewing, call Bettesworths on 01803 212021 or www.bettesworths.co.uk
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