Available - New

Torquay, Devon

£375,000 Freehold Ref: 3781
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Wanting to live in the beautiful English Riviera in the stunning county of Devon minutes’ walk to the sea?

The property is a four storey Victorian building located just a few minutes’ walk to the resort beaches, bustling harbour, town centre shops, cafes, bars, restaurants, and nightlife of Torquay, a seaside town in the heart of the English Riviera. It is located in an enviable position opposite a pretty park and close to the Torquay Museum, with a local supermarket just a few minutes’ walk from the property. The Hilton chain of Hotels and Premier Inn are currently both investing in the immediate area – just a few minutes’ walk away; proving the need and demand for quality holiday accommodation in the vicinity.

Originally built as a large four storey townhouse the property has been used as a home, a Hotel and more recently as student accommodation rented exclusively to a local language school, it could be utilised as either a continuation of the current business model or reverted back to a small boutique hotel or an upper class B&B.

The property presents to the buyer on the lower ground floor a fabulous 2-bedroom / 2-bathroom self-contained owner’s apartment with kitchen, lounge, study / dining area plus lots of built in storage space. It has its own separate entrance at the rear with a lovely sunny private courtyard.

The first and second floors above currently offer 11 double bedrooms all with en-suite facilities. A possible use of the ground floor would be to lose 3 of the 11 bedrooms, still keeping 8 and make these 3 rooms into a lounge, dining room and kitchen for guests. There is also currently a cloakroom on this floor which would make an ideal office, keeping the apartment below as separate – albeit with a convenient internal staircase which can be kept locked except for owner access.

Although not currently trading as such, a quality double en-suite bedroom in the area fetches between £50 – £100 per night. For those wanting less responsibility, alternatively the whole upper 3 floors could be rented as a single self-catering holiday home commanding a worthwhile income in peak season.

Or, the whole 3 upper floors could be returned to a very large family dwelling (subject to PP) with a holiday apartment on the LGF with the potential to create an income.

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