Torquay

Opportunity to Purchase a Virtually Ready Investment with Significant Income Producing Potential. Former 28 Bedroom Hotel - Comprehensively Refurbished & Converted to a High Standard.

Maycliffe occupies an established and convenient position on St Luke’s Road North, a quiet residential setting just above Torquay town centre. The property is within easy walking distance of the harbour, seafront promenade, beaches, principal shopping areas and public transport links.Torquay forms part of the English Riviera, one of South Devon’s most established coastal destinations, benefiting from strong year-round residential demand together with seasonal tourism activity. The property enjoys excellent connectivity to the wider Torbay area including Paignton and Brixham, together with Newton Abbot, Totnes and Exeter via the A380/M5 corridor. Maycliffe comprises a substantial detached Victorian villa, originally constructed in the 1860s and subsequently extended. The property historically operated as a 28-bedroom hotel and has more recently undergone comprehensive refurbishment and reconfiguration.  The building now provides 25 self-contained studio apartments, finished to a modern specification throughout. The conversion has been completed to a high standard, incorporating contemporary kitchenettes, modern shower rooms, quality fixtures and fittings and coordinated furniture packages.  Several of the studios are of larger format, with a small number benefiting from independent or semi-independent access, enhancing flexibility of occupation and rental appeal.  The accommodation is arranged over multiple floors and is served by a passenger lift. The overall presentation and specification are considered far above average for comparable studio accommodation within the local market.  Externally, the property benefits from valuable off-road parking spaces together with further unrestricted on-street parking available in the immediate vicinity.