A wonderfully located, 30-en-suite bedroom freehold hotel with two apartments, large car park and only short stroll to the town centre, harbour and sea front. Currently fully occupied by language students over the last few years which has generated an impressive net income for the owners. Presented in good decorative order and sits in substantial grounds within an affluent area of Torquay, Devon. This tree lined immediate area enjoys good re-sale values and we envisage a tremendous scope for uplift with the right development plan. The vendors would consider both outright and ‘subject to planning’ sale. Next door is a similar large hotel which could be purchased together which would make a substantial site or hotel with jointly over 50 bedrooms, ample parking, gardens and far reaching sea views. Early viewings would be highly recommended....
The location is only approximately 500m from local amenities, restaurants, bars, town centre and sea front but enjoys tranquillity because it’s situated within a quiet residential area. It’s well served by the local bus service, main bus-station, and two railway stations together with main arterial roads nearby.
Recently a change of usage was granted as follows:
Town and Country Planning Act 1990
Change of usage from C1 (hotels) to sui Generis (student residence)
We the agents have been informed that a redevelopment to residential would be in line with planning objectives and that demolishing the building would not be contentious. There was an earlier successful planning application (now lapsed) to convert the building to 10 flats (P/2015/0715). https://www.torbay.gov.uk/newpublicaccess//caseDetails.do?caseType=Application&keyVal=NRIZZ7QIG5700
Local planning authority
Address: Torbay Planning Authority, Town Hall, Castle Circus, Torquay TQ1 3DR
Tel: 01803 210 210
Each party are to bear their own costs incurred in any transaction.
The property benefits from the following: electricity, gas, water supply, sewage, broadband and telephone are all connected. None of these services have been tested by the agents Ware Commercial
Please make your own enquiries on the local Valuation Office Agency, telephone 03000500246 or on the Valuation Website (VOA) at www.voa.gov.uk
All viewings are to be conducted strictly by appointment via the agents Ware Commercial
Tel.: 01803 328880,
Via website: www.warecommercial.com