Commercial property in excellent location

A fantastic opportunity to acquire a successful operated 20-bedroom business with breath-taking sea and coastal views over Torbay. The property would suit a multitude of uses from HMO, self-contained holiday lets to a residential development. This property is set within substantial grounds and parking which has been designated for residential development by the local planning authority and benefits from a commanding/elevated position. This affluent tree lined immediate area enjoys good 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 and early viewings would be highly recommended.

LOCATION

The location of this site is only approximately 500m from local amenities, restaurants, bar, town center and sea front but enjoys tranquility because being situated within a residential area. The area is served well by local bus service, main bus-station, two railway station together with main arterial roads nearby.

PLANNING

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 objective

Update ; Planning approved  – Change of use from student residence (Sui generis) to form 14 supported living accommodation units. Demolition of conservatory and replacement with single story extension. https://publicaccess.torbay.gov.uk/view/applicationDetails.do?keyVal=QUXRFVQIL7Q00&activeTab=summary

Local planning authority

Address: Torbay Planning Authority, Town Hall, Castle Circus, Torquay TQ1 3DR

Tel: 01803 210 210

TENURE

Freehold

PRICE

£695,000

LEGAL COSTS

Each party are to bear their own costs incurred in any transaction.

FIXTURES AND FITTINGS

The property is to be sold with Vacant Possession.

SERVICES

Mains electricity, gas, water and drainage are all connected. However, no testing of these services has been undertaken by the Agents, Ware Commercial

BUSINESS RATES

Please make your own enquiries on the local Valuation Website (VOA) at Valuation Office Agency

VIEWINGS

All viewings and enquiries to be made through the agents Ware Commercial

Tel: 01803 328880

Email: info@warecommercial.com

Website: www.warecommercial.com