30 Bedroom Hotel in Torquay

Torquay

£495,000 Freehold
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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 bedro

LOCATION

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.

 

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 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

 

TENURE

Freehold

 

PRICE

£495,000

 

LEGAL COSTS

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

 

SERVICES

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

 

RATEABLE VALUE

Please make your own enquiries on the local Valuation Office Agency, telephone 03000500246 or on the Valuation Website (VOA) at www.voa.gov.uk

 

 

VIEWINGS

All viewings are to be conducted strictly by appointment via the agents Ware Commercial

Contact:

Tel.: 01803 328880,

Email: info@warecommercial.com

Via website: www.warecommercial.com

 

Misrepresentation Act

Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.