Commercial development for sale
Royal Hotel, Whitby Road, Loftus, North Yorkshire TS13 4LQ
- PROPERTY TYPE
Commercial Development
- BEDROOMS
16
- SIZE
Ask agent
Description
Auction Commencing on Monday 23rd February at 1pm and ending 24 hours later on Tuesday 24th February at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
FOR SALE BY AUCTION – DEVELOPMENT OPPORTUNITY WITH PLANNING PERMISSION!
Located just off the A174 and approximately five miles from the coastal town of Saltburn-by-the-Sea, this substantial property presents an excellent redevelopment opportunity in a popular area of North Yorkshire. The location benefits from strong tourist appeal due to its proximity to the coast and surrounding countryside.
The existing building extends to over 500 square metres and currently benefits from a recently installed new roof. The property requires full renovation throughout. A large on-site car park provides parking for approximately 12 to 14 vehicles.
Full planning permission has been granted for the development of a 16-bedroom hotel with licensed bar and restaurant under Use Class C1. The approved scheme offers significant scope for income generation and long-term investment. Planning Application Reference R/2024/0549/FF.
**please note pictures 1 - 4 are an artists impression of what it could look like once work is completed.
Tenure: See Legal Pack
EPC Rating: N/A
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Royal Hotel, Whitby Road, Loftus, North Yorkshire TS13 4LQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Saltburn Station4.5 miles
Notes
Disclaimer - Property reference 202601271216sq_scht. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, North East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Auction House, North East on 0191 917 9650.
*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.”
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