Spacious Victorian freehold near station and seafront, prime for redevelopment.
Approximately 8,500 sq ft across five floors
A substantial freehold building of around 8,500 sq ft across five floors in Waterloo, offering immediate scope for conversion to apartments, serviced accommodation or continued hospitality use. The ground and basement were formerly a restaurant/bar with large kitchen and bar areas; upper floors currently provide ten bedrooms, six kitchens/bathrooms and two studio-style units. Its position near South Road, Waterloo Station and the seafront delivers strong footfall and good transport links.
The property is sold as a refurbishment project and requires full upgrading throughout — structural fabric appears intact but extensive internal works, modernisation and statutory consents will be needed. There are clear value-driving features: high ceilings, large rooms, substantial commercial kitchen space and a Victorian frontage that can appeal to occupiers or guests once renovated.
This is a clear redevelopment play for investors or developers seeking a mixed-use or hospitality-led scheme in a busy coastal suburb. Note practical considerations: tenure is not specified, crime levels in the area are high and the neighbourhood shows signs of deprivation, so operating or letting assumptions should reflect local market conditions and potential need for management investment.
Offers strong potential for conversion schemes (self-contained flats, HMO or serviced accommodation subject to planning) and for operators wanting a coastal location with excellent transport connections. Full surveys and local authority pre-application advice are recommended before committing to purchase or detailed planning.
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