Whitby Road, TS13

Huge Development Opportunity

The building is three storeys with a basement wine cellar. It surrounds an
internal yard area and has a single storey extension to its western
elevation. The property is reported to have housed a public bar area,
dinning room, kitchen and garage to the ground floor. 5 lettable rooms and
a two-bed owners accommodation apartment were positioned to the
upper floors.

The property is now vacant and has been stripped back to a shell
condition. We have been informed that a new roof was recently added.
Externally the property has a tarmac carpark directly accessible of the A174
which provides c.12 - 14 parking spaces. This property has a gross internal
area of 5,414 sq ft (503 sq m) - source VOA.

The property is located in Loftus, a rural market town positioned
approximately 5 miles east of Saltburn-by-the-Sea, just north of the North
York Moors National Park. It is positioned on a prominent corner pitch off
the A174 (Whitby Road), the main costal route connecting Whitby,
Saltburn-by-the-Sea, Redcar and Middlesborough. The property is walking
distance from Loftus's centre, which provides an assortment of restaurant,
bars and local retailers.

It's located in a mainly residential area, made up of a mix of terrace and
semi-detached housing. The property is located on the south side of
Whitby Road on its junction with Tees Street.

The property has full planning permission for the demolition of the existing
public house/hotel and redevelopment of a specialised supported living
scheme under application reference R/2021/0821/FFM. This development
would provide 16 self-contained one-bedroom apartments and ancillary
staff accommodation over two separate blocks. This permission was
approved in September 2021.

The property also had full planning permission for the conversion of the
existing public house/hotel into 7 self-contained apartments under
application reference R/2016/0676/FF. This development would comprise 2
two-bedroom apartments, 4 one-bedroom apartments and a single
studio apartment with ancillary car parking and a communal garden. This
permission was granted in November 2016.

The property more recently had full planning permission granted to
convert the existing public house/hotel into a 16 bedroom hotel with a
bar/restaurant under application reference R/2024/0549/FF

This property offers developers and a huge opportunity to grab a bargain
and create a stunning development ion ana rea within increasing demand.
Freehold (Title CE108155)