Victorian Hotel in Torquay Devon with 15 Suites and Penthouse Up for Sale
Torquay, Devon
- Status
FOR SALE
- Date Submitted:
24/07/23
- Advert ID
517055
- Reference
MeadfootDevelopment / Rightbiz
- Call Agent:
- Freehold: £1,495,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
An exceptional development opportunity
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
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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