An exceptional development opportunity

Torquay, Devon

£1,495,000 Freehold
Meadfoot Bay HotelMeadfoot Sea RoadTorquayDevonTQ1 2LQView Map

Introducing an exceptional development opportunity on the English Riviera - the Meadfoot Bay Hotel. This stunning Victorian hotel/guest house, situated in the highly sought-after area of Meadfoot in Torquay, Devon, offers the perfect canvas for a remarkable redevelopment project. Boasting a prime location, frontage on two roads, tree-lined road leading to the water's edge. With its 15 luxurious letting suites/bedrooms, lounge/bar, library, dining room, well-equipped kitchens, and owner's 3-bedroom penthouse, the existing structure already provides a solid foundation for a redevelopment venture.

Currently there is a application for change of usage to residential apartment and all indicators are positive and a sale ‘subject to planning’ will be considered.

Imagine creating a bespoke residential development, capitalising on the Victorian charm and elegant architecture of the building. The project could result in a collection of premium residences that offer breath-taking water views and a truly luxurious lifestyle.

Meadfoot Bay Hotel is ideally located in the highly sought-after affluent residential area of Meadfoot in Torquay, along a tree-lined road leading down to the water’s edge. Only a short walk away is the picturesque Marina and Harbour of Torquay, and a level walk along the Esplanade provides stunning views over the bay towards Paignton and Brixham. The Riviera Conference Centre and train/bus stations are nearby. Torquay is ranked as the No. 1 staycation destination in the UK and is an all-year-round busy coastal resort. Conveniently located along the Jurassic Coast and only an easy drive to places such as Dartmoor National Park, Dartmouth, the Eden Project, and the Cathedral city of Exeter with its International airport and M5 motorway, linking all parts of the UK.

PLANNING

The property enjoys a planning class of C1 (hotel/guest house accommodation)

Currently a planning application has already been submitted for change of usage to C3 and redevelopment.

FIXTURES AND FITTINGS

All trade fixtures and fittings, except for our vendors’ private inventory, will be included in this sale. A full inventory will be provided prior to the exchange of contracts. All stock will be sold at valuation upon completion. No testing of these fixtures or any appliance has been undertaken by the agents, Ware Commercial.

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 inquiries on the local valuation website (VOA) at www.voa.gov.uk

TENURE

Freehold.

VIEWINGS

All viewings, inquiries planning documentation is available from the  agents, Ware Commercial and are to be made through the agents, Ware Commercial. TEL. 01803 328880 or 01392 462266 Email. [email protected] 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.