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A Fantastic Development Site In Torquay For Sale

Torquay, Devon, UK
Asking Price:
£895,000
Turnover:
Not applicable
Net Profit:
Not applicable

Probably one of the best development opportunities for years has now come to the market in the sought-after coastal town of Torquay. This substantial former 26-bedroom hotel site occupies a commanding central location and benefits from stunning sea views, and it’s only a short stroll away to the town centre, harbor, and beachfront. The building has undergone significant alteration and extensions over many decades, including a three-story extension to the southern elevation and the size of the site is approximately 1/2 acre. The immediate tree-lined road leading to the site is occupied by many high-end boutique hotels, and while situated in a quiet area, it’s only a stone's throw from the bars, restaurants, theatre, and marina.

The site entrance is on Croft Road in the heart of Torquay and benefits from direct access to the large Sheddon Hill car park, which in turn has easy access to the seafront promenade from the bottom of the garden.

The site also benefits from two entrances and a separate cottage with large gardens that have direct access to the seafront. Early viewings are highly recommended.

The location is ideal to access all main road links and both the bus and train terminals are within walking distance. The local amenities, town center, and seafront are only a few hundred metres away, which makes this location so unique.


PLANNING

The current planning is for a hotel with owners’ accommodation (C1 planning class)


PLANNING HISTORY

P/2019/0337: Change of usage to create 10 apartments. Approved 18.10.2019.

P/1999/0334: Installation of pvc windows and formation of roof terrace.

Approved 30.04.1999.

P/1998/0819: Alterations and erection of extension to bar lounge. Approved

10.07.1998.

P/1990/2023: Alterations and extensions to form covered pool and function room, additional accommodation and facilities and increase in parking. Approved 14.03.1991.

P/1990/2084: Demolition of parts of building. Approved 14.03.1991.

P/1986/2433: Alterations/extensions to staff/storerooms to form owners

accommodation. Approved 19.12.1986.

P/1982/1708: Illuminated AA and RAC signs. Approved 31.08.1982.

P/1979/1890: Provision of a fire escape. Approved.

P/1978/2697: Additional bedrooms. Approved


SERVICES

Mains gas, electricity, water, broadband, and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.


BUSINESS RATES

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk (currently the property is fully exempt from business rates because of small business rates relief)


TENURE

Freehold (unconditional offers)


VIEWINGS.

All viewings and enquiries are to be made through the agents.

Ware Commercial

Property Information

Property:

Freehold