Development site in excellent location

Torquay

£850,000 Freehold
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ATTENTION ALL DEVELOPERS!!

A fantastic opportunity to acquire a landmark 20-bedroom hotel with breathtaking sea and coastal views over Torbay. This large development opportunity 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

Local planning authority

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

Tel: 01803 210 210

TENURE

Freehold

PRICE

£850,000

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 www.voa.gov.uk

VIEWINGS

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

TEL. 01803 328880 Email. info@warecommercial.com   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.