20 bedroom detached house for saleSouth Devon Hotel, St Margarets Road, Torquay, Devon
Guide Price* £375,000
- For Sale by Public Auction at The St Mellion International Resort
- Auction Date : 16 December 2016
- Lot Number : 92
- A Former Hotel With Grounds Totalling About An Acre Being Ripe For Re-development
- Vacant Commercial
- *Guide Price : £375,000 - £425,000
A particularly handsome multi-storey former hotel sitting in about one acre, the original building being complemented by a number of single and two storey modern extensions, collectively providing a vast amount of existing floor space in addition to the large extent of gardens and grounds.
The property, which is located conveniently for St Marychurch, one of Torquay’s most popular ‘suburbs’ offering a broad range of shopping facilities and amenities, is likely to catch the eye of developers who will see the almost graphic potential for a multiple unit residential scheme, a commercial alternative or a combination of the two (see Planning section below). Interested applicants are advised to make their own enquiries with the Local Planning Authority, the Torbay Council. Tel: 01803 207801. Website: torbay.gov.uk.
The property has in the past benefitted from Planning Consent for a comprehensive re-development scheme for the creation of 26 Extra Care Units, a restaurant and other communal facilities etc. under Application Ref: P/2009/0073/MPA, which had its life extended by virtue of Application Ref: P/2013/0057/MPA. It is understood that the Consent may now have expired and interested applicants are advised to seek confirmation from the Local Planning Authority.
There is a further access to the south/western elevation via a right of way along St Margaret’s Close. Further information will be included within the legal pack available for inspection at the Auctioneer’s Office.
Freehold with Vacant Possession
Commercial EPC: E
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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