Sea Front Hotel Conversion Project To 11 Apartments For Sale

Price:

Other - £0

Seller Ref:

UW656

Location:

Devon, Ilfracombe

Business Type:

Commercial Property, Hotels, Retail businesses

See Other:

Hotels and motels for sale in Devon
Residential homes for sale in Devon
Development sites for sale in Devon
Hotels for sale in Devon
Retail businesses for sale in Devon
Commercial property for sale in Devon

Description:

THE BUSINESS:

The former The Berkeley Hotel Wilder Road Ilfracombe commands a prime location on the seafront. Unfortunately this substantial building has over the years fallen into disrepair, the effects of which were compounded further by a subsequent substantial fire. The local planning authority approved development of the building into 11 apartments in 2007 and they have recently approved a new application for the same number of apartments, subject to the finalising of the s 106 Agreement, which is due shortly. The scheme is designed to reflect the inherent style and quality of this Victorian building, creating 11 quality residential apartments. Alternatively the former hotel use could be reinstated or the property might suit other uses, subject to any necessary planning consent.

Lease Terms:

`Offers Invited`