Summary - Croft Road, Torquay, Devon, TQ2 TQ2 5UD
26 bed 1 bath Residential Development
**Key Features:**
- Former hotel with 26 bedrooms, currently approved for conversion into 10 apartments.
- Prime location in Torquay, just a short walk from the beach and town center.
- Dual access to the seafront and near major amenities and transport links.
- Freehold property, chain-free sale.
- Large plot size and beautifully landscaped garden.
- Planning history includes multiple approvals for extensions and renovations.
- Requires general maintenance; check services as no recent testing is reported.
This expansive former hotel in the heart of Torquay presents an exceptional opportunity for investors and developers looking to capitalize on its prime coastal location. With a recent planning approval for change of use, you can transform this substantial property into ten contemporary apartments or a vibrant community space, maximizing rental potential in a highly sought-after area.
Enjoy panoramic sea views from your future development while being just minutes from bustling local amenities, from sophisticated restaurants to stunning seaside attractions. This area features strong desirability due to its location, yet also faces high local crime rates and significant socio-economic challenges, which potential buyers should consider.
The property features dual access to the seafront via a private pathway, enhancing its appeal and accessibility. This freehold asset offers flexibility in design and future renovations, allowing buyers to create a unique living experience. Given its current condition, incorporating modern upgrades will not only enhance value but also attract a quality tenant demographic looking for exclusive coastal living. With the Torquay market showing robust demand, this property won't last long—seize this rare chance to invest in a piece of coastal paradise with great future potential!
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