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Freehold:
£925,000

Development Opportunity In Babbacombe Torquay Premium Advert

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ReferenceSUMMERFH3520 / RightBiz
Status
FOR SALE
Advert ID191645
LocationTorquay, Devon
SectorDevelopment Sites, Investment Properties, Hotels
Freehold Price£925,000
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Development opportunity for retirement and holiday apartments in Torquay. During recent in-depth discussions with local council representatives they have agreed a willingness to develop the Hotel into a mixed retirement and holiday apartment complex. This impressive three storey Victorian detached property is set within its own extensive grounds and benefits from breath taking views over Lyme Bay. Whilst located in a holiday zone this substantial property will allow for re-development into retirement apartments with some holiday lets....

THE LOCATION
Summerbay Resort Hotel is located in an elevated position on Babbacombe Downs, Torquay. This area is a highly popular tourist destination and its commanding position would make for a unique retirement location. It is only a short drive to Torquay Town Centre, Exeter and onto the M5 Motorway, mainline railway stations connecting to London, Paddington and not forgetting Exeter International Airport

THE BUSINESS
The business has been trading as an Hotel for the past 50 years and at present is owner occupied, however due to our clients personal circumstances, which have resulted in closing the business and we the agents feel that there is great scope to re-develop this extensive property and release a large portion of any investment.

ACCOMMODTION COMPRISES

ENTRANCE
Over splayed car park to canopy covered entrance and through part glazed door into:

ENTRANCE VESTIBULE
With feature chandelier, large mirror and further part glazed door leading into:

MAIN RECEPTION AREA
7.55m x 5.48m
Reception desk with office area behind, lift and turning staircase leading to both upper floors and doors leading off to:

LADIES CLOAKROOM
Comprising of one cubicle and separate wash hand basin area

GENTS CLOAKROOM
Comprising of one cubicle and separate wash hand basin area

RESIDENTS LOUNGE
8.80m X 4.85m
With ornate fire place and inset electric fire, feature chandelier and up lighters, together with bay windows and patio doors with stunning sea views to front

RESTURANT/CONSERVATORY
11.18m X 7.74m
Benefits from ceiling fans, spot lights and uplighters and large bay windows and patio doors to front with stunning sea views

FUNCTION ROOM/BAR
11.04m X 4.50m and 10.62m X 5.38m
L shaped room with wood panelled ‘L’ shaped bar , comprehensively equipped with 3 x beer lines, post fix, 2 x under counter twin door glass fronted drinks cabinet, optics on rear wall, electric till and door leading to rear keg room with additional storage which is air cooled. Licensed for 150 covers. Also incorporated within the function room is a dance floor area with domed lighting, window to front and doors leading

LADIES CLOAKROOM
Comprising of one cubicle and separate wash hand basin area

GENTS CLOAKROOM
Comprising of one cubicle, 2 x urinals and separate wash hand basin area

STILL ROOM
4.49m X 2.44m
Window to rear

KITCHEN
5.10m X 4.47m
Benefiting from 6 ring gas burner and oven, large deep fat fryer, 1 x chest freezer, 2 x upright freezer, 1 x fridge/freezer, 1 x twin door upright fridge, 1 x 5 pot bain marie, large stainless steel sink and twin drainer, large grill, plate warmer, large heater plate cupboard with lighting gantry above, together with comprehensive shelving for additional wares. Door leading through to:

LAUNDRY ROOM
Commercial washing machine and commercial tumble drier, together with commercial hot water boiler

STORE ROOM
4.86m X 4.12m
For storage of linen, vacuum cleaners, high chairs etc and also housing 2 x linen presses

INDOOR SWIMMING POOL
Heated pool and leisure room incorporating sauna

CELLAR
Incorporating game room

GUEST ACCOMMODATION
One guest room on ground floor and the remaining rooms located over first and second floors

3 x Triple rooms
10 x Double rooms
12 x Twin rooms
1 x Single room

OWNER ACCOMMODATION
Entrance through inner hallway from the hotel into

LOUNGE
With steps leading up to

DINING ROOM
With sliding patio doors into enclosed courtyard

BEDROOM 1 – Double room
BEDROOM 2 – Double room
BEDROOM 3 – Double room

BATHROOM
Comprising of full length bath with shower above and wash hand basin

CLOAKROOM
Comprising of low level WC and obscure window to side

STAFF ACCOMMODATION
Located over first and second floor is the two bedroom staff accommodation but his could provide the new owners with scope for further letting and therefore increased income potential

OUTSIDE
Car parking for approx 12-15 vehicles together with coach parking. Large landscaped gardens to front with mature trees, shrubs and bushes adding to the already idyllic setting, together with terraced, decked seating area, bar chalet serving snacks and refreshments and all benefiting from stunning views overlooking Lyme Bay and surrounding coastline

FIXTURES & FITTINGS
Trade fixtures, fittings, equipment, land and buildings, with exception of vendor’s private inventory, will be included in this freehold sale. A full Inventory will be provided prior to exchange of contracts
SERVICES
Mains electricity, gas, water and drainage are all connected. However, no testing of these services have been undertaken by the Agents, Lake & Ware, Commercial

LICENCES
The property benefits from an on and off premises license together with entertainment license. It is a requirement of the licensing act 2003 that all properties serving alcohol have a designated premises supervisor who must hold a personal license

BUSINESS RATES
Please make your own enquiries on the local Valuation Website (VOA) at www.voa.gov.uk

TENURE
Freehold

VIEWING
By appointment through the agents Ware Commercial
Tel: 01803 328880
Email: info@warecommercial.com
Website: www.warecommercial.com
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