Success of Residences at Dylan Coastal Resort leads to first phase of holiday home development for Luxury Lodges at Bude Coastal Resort
Luxury Lodges, a collection of five-star self-catering resorts across Britain’s most loved holiday destinations, has announced the development of 27 Residences for sale at North Cornwall site, Bude Coastal Resort, following a £10 million investment. Located on the North East coast of Cornwall, Bude Coastal Resort offers the ideal setting to explore Bude and other Cornish coastal towns, alongside the destination’s vibrant local markets, historic hot spots and beautiful country houses, all of which are set against a backdrop of the rugged Bodmin Moor. This development by Luxury Lodges marks the first opportunity for prospective buyers to purchase a second home at the resort, offering a complete turnkey solution and investment opportunity.
The newly built, spacious properties at Bude Coastal Resort will sit within a private gated area of the resort, and will feature unrivalled amenities, including outdoor hot tubs, pergolas, state of the art appliances throughout, and chic roof terraces in two of the Residences. The first development includes three categories of Residence: Sennen, Mullion, and Kynance, which range in price from £250,000 to £495,000, with all Residences boasting the same quality of fixtures and fittings, and only differing in size and position. Comprising between 2 and 4 bedrooms, the homes are perfect for families of any size, and offer a complete and utter turnkey solution, coming fully kitted out with furniture, appliances, kitchenware, and soft furnishings. Designed in neutral colours, the Residences compliment the beachside location of the resort and are both light and airy in the summer months and cosy and comforting in the winter. What’s more, all owners will have access to full resort amenities, including the Coffee Shop, indoor swimming pool and sauna, treatment rooms, and preferential rates and access to the local golf course and club.
The new Residences are also an ideal investment opportunity for buyers. Benefiting from no council tax or stamp duty, the Residences serve as brilliant properties to sublet in order to generate a healthy return on investment throughout the year. The Luxury Lodges team handle all rental instructions, from bookings to ongoing maintenance and housekeeping, and rental can lead to a potential net return of up t0 £20,850 with only 60% occupancy across the year. Annual running costs can also be covered by as little as 30% rental occupancy.
Jack Hurley, Commercial Director of Luxury Lodges, commented: “We are thrilled to be extending our holiday home footprint even further, and for the first time into Cornwall at Bude Coastal Resort. By creating an initial development of 27 hotel-quality holiday homes, we are opening up this stunning part of Cornwall for more people to visit and enjoy.
We are proud to be employing local people and sourcing local materials where possible, and our project is predicted to create 10 direct jobs and 20 indirects per annum in the local area. We are endeavouring to support the local community by sending guests to Bude to enjoy the restaurants, cafes, and attractions there, as well as encouraging guests to explore the local area around their Residence and take to the bridle paths to enjoy Bude and the beach by foot.”
