It will be called Byron and feature 55 apartments plus a restaurant by Richard Bransons former Necker Island chef Graham Brundle. Before the end of this year work is due to begin on phase one, converting the frontage of the old hotel into two apartment blocks, while future phases will see three more blocks added to the rear. Webbers has already sold eight apartments in phase one and has now released a mix of scheduled properties for phase two ranging form £252,000 up to £830,000. Lee Hussell, branch manager at Webbers Ilfracombe, said the development would be to a high standard, with a modern look and high quality finish. People who come to Woolacombe will be driving past saying I want to stay there next year, he said. The first occupants of phase one are expected to move in by the end of next year. The site will also include a swimming, pool, spa, games room and underground parking for guests use, but the restaurant will be open to the public. It will be called Brundles Restaurant and Bar, operated by chef and hotelier Graham Brundle, who has cooked at Michelin Star restaurants and leading hotels, including Richard Bransons Necker Island retreat. The former Narracott has been boarded up since 2008 and Lee Hussell added: To have it at long last take shape and the interest thats going to be generated when work properly starts will create a real buzz in the village.