Summary - Leon's On The Bus Leon's On The Bus Leon's On The Bus Leon's On The Bus Leon's On The Bus Leon's On The Bus Inn On The Green, Esplanade Road, Paignton TQ4 6BG
1 bed 1 bath Commercial Development
Large former hotel with carpark and major redevelopment potential on Paignton promenade.
- Approximately 27,318 sq ft (2,538 sq m) substantial period building
- Prominent seafront position overlooking The Green
- Large adjoining car park included on site
- Guide price £975,000 (£35.69 per sq ft)
- Vacant with immediate asset-management or letting potential
- Major redevelopment opportunity subject to consents
- Very high local crime and very deprived area classification
- Tenure unknown; building likely requires significant refurbishment
A substantial 19th-century former hotel and restaurant occupying approximately 27,318 sq ft (2,538 sq m) on Paignton's main seafront promenade. The site includes a large adjoining car park, sea-facing position overlooking The Green and immediate asset-management potential to re-let or operate in its current format. The guide price of £975,000 equates to a low capital value of £35.69 per sq ft, presenting a value-led acquisition for a buyer able to manage refurbishment or redevelopment.
Major development upside exists subject to requisite planning and listed/heritage consents; the building is vacant and will require a full programme of works before reoccupation. The tenure is unknown and should be confirmed, and the property will need surveys to clarify condition, services, and any structural or conservation constraints. Flood risk is very low, and the site benefits from excellent mobile signal and fast broadband.
The immediate location is highly prominent and accessible: short walks to the pier, beach, station (Paignton Station 0.4 miles), town centre and local amenities. Commercial purchasers should note the local context — very high crime levels and very deprived area classification — which will influence lettability, insurance costs and management strategies. This opportunity suits investors or developers prepared to take a hands-on approach to refurbishment, change-of-use or phased redevelopment.
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