Name: East Devon Seaside Hotel
Price: 900000 GBP

What we learned from the stamp duty holiday

Residential Sales 25 November 2021

There is little doubt that the stamp duty holiday added a sense of urgency to the market and distorted the normal pattern of transactions, resulting in three spikes in transactions in 2021. Our research shows that over half a million home purchases that would otherwise have paid stamp duty escaped the charge over this period.

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About this property

Grade II Listed Hotel with circa 28 bedrooms plus restaurant, bar and lounge and function suite. Benefiting from recent refurbishment. Established and profitable trading track record.

Significant development opportunity subject to planning permission with conversion to residential flats already secured on part of the site.

Additional freehold land and garages available separately for £250,000.

Ground floor two bedroom flat, suitable as owners' accommodation, available separately on a new 999 year lease for £300,000.

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East Devon Seaside HotelCirca 28 bedrooms, elevated town location, 200m from the beach

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