Sold

Paignton, Devon

Offers in Excess of £300,000 Freehold Ref: 3822
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The Lookout is located in a prime location on Preston seafront in a mixed residential/holiday letting area.

The property formerly traded as a small Hotel/B&B but has not operated for many years. The detached building offers accommodation on three floors and is ripe for redevelopment, conversion or change of use, subject to planning permission.

The location is outside the principle holiday accommodation areas as defined in the Local Plan and is not in a Conservation Area. The property could be retained for its former use, converted or redeveloped as apartments or converted to a private residential dwelling, subject to planning.

The property is in need of extensive modernisation and repairs and is offered on the market as an opportunity for investors, developers or private individuals to realise the potential of this property in this superb location.

Offers invited in writing by 13th August 2020

INFORMAL TENDER INFORMATION
The property has experienced large volumes of interests and parties have made offers prior to the proposed tender date (4th September).

We are instructed that the vendor will consider offers received by 12:00pm, on Thursday 13th August.

The vendor will accept the best offer in excess of £300,000. The buyer will need to show ability to proceed with the purchase.

If any further information is needed or you are interested in viewing, please call the agent on 01803 212021.

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