Located in the desirable area of Bude, this unique 3,815 sqft property offers an exciting redevelopment opportunity. Most recently operated as sheltered housing for the elderly, the site comprises of 9 bedrooms and 10 bathrooms. This flexible layout is ideal for a variety of future uses, from residential conversion to a Guest House / B&B or split into multiple apartments.
Current Use: Formerly sheltered housing for the elderly, the property has no restrictions, offering significant potential for redevelopment into a high-end residence, care home, or even multi-unit housing.
Bedrooms and Bathrooms: The main building includes 9 generously sized bedrooms, all with en-suite facilities, providing privacy and convenience, while the adjacent cottage adds further versatility.
Communal Areas: The property also includes spacious communal rooms, perfect for conversion into shared living spaces or recreational facilities, depending on the intended use.
Outdoor Space: With a manageable outdoor area and on street parking.
Potential: Whether for a care home, luxury family residence, or conversion into apartments or a multi-home complex, this property is a rare find in Bude.
Investment Opportunity: Perfect for developers or families looking to create a unique home or business in a desirable location. The ideal property for conversion into a guesthouse / B&B.
Previously used as a sheltered housing for the elderly, let on assured periodic tenancy agreements to unrelated individuals therefore presumed sui generis use class but it is for the buyer to make their own investigations.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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