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Substantial Former Hotel Development Opportunity For Sale

Torquay, Devon, UK
Asking Price:
£1,400,000
Turnover:
Not applicable
Net Profit:
Not applicable

A rare and substantial redevelopment opportunity in the heart of Torquay, Devon, located just a short walk from the harbour, seafront, marina, beaches, restaurants, and town centre amenities. This former 55-bedroom hotel occupies a prominent position within one of South Devon’s most desirable coastal resorts and offers extensive scale, flexibility, and future potential, subject to planning.

The property includes a large main building, extensive internal accommodation, a substantial terrace with landscaped gardens, and significant on-site parking suitable for approximately two coaches and 20 vehicles. The agents consider the site may lend itself to complete redevelopment, including possible demolition and reconfiguration, to deliver a high-quality scheme appropriate for the location, subject to the necessary consents.

The current owners are open to collaborative discussions with interested parties to explore viable redevelopment or repurposing options. Any transaction will be subject to planning approval for alternative use, making this an opportunity well-suited to experienced developers or investors seeking a landmark project in a prime coastal setting.

Property Information

Property:

Freehold

Location:

The property is ideally positioned within walking distance of Torquay’s marina, beaches, harbour, restaurants, and retail amenities. Torquay is a well-established, year-round resort town within the English Riviera, benefiting from strong tourism demand, excellent transport links, and easy access to the wider South Devon coastline.

Premises Details:

The premises comprise a large former hotel building with extensive communal facilities, including reception areas, lounges, games and entertainment rooms, bar, dining facilities, commercial kitchens, multiple storage and linen rooms, landscaped gardens, and a large decked terrace. The scale and layout provide substantial scope for redevelopment or repurposing, subject to planning consent.

Planning Consent:

Any sale will be subject to planning approval for proposed alternative use.

Business Operation

Expansion Potential:

The property offers significant redevelopment and repurposing potential, including the possibility of complete redevelopment, subject to planning approval. The owners are open to working collaboratively with a purchaser to explore suitable schemes.

Competition / Market:

The site sits within Torquay’s established hospitality and tourism environment, benefiting from its central location and proximity to major attractions, beaches, and transport links.