Everybody recognises what they look like, the brightly coloured huts that stand in rows on beaches up and down the country.
Beach huts are generally used for shelter or changing facilities, however a development company in Torquay is changing the game and are currently producing six to value of £2.2m!
Interior shot – Torquay beach hut
So, why are they worth £2.2m? This image of the interior right provides a good clue.
The luxurious beach huts are being built at Torquay’s upmarket Cary Arms and are part of the de Savary family’s £4.5m development plans for the boutique hotel which includes new suites and a spa.
It’s often that beach huts get valued, however when completed it’s expected that they will be the most expensive in Britain, offering guests some of the best sea views in the land. Downstairs will feature a large lounge area which leads out on to a decked area under a canopy.
A new initiative to pump more money into house building has been created through a crowdfunding platform, writes property developer Richard Carr.
Poole-based developer Richard Carr has been turning plans into reality for the past three decades and recently gained approval on one his biggest projects. A £100m redevelopment of Salterns Marina hotel and harbour in Poole was approved by the local council, which will revitalise the area.
Richard is pleased to see a new way to encourage investors into the market through Intro Crowd, which offers investors the chance to buy a stake in potential housing development sites.
Investors can buy shares in companies owning the land plots for as little as £1,500.