SUBSTANTIAL COASTAL DEVELOPMENT OPPORTUNITY – 12-BEDROOM PROPERTY WITH SEA VIEWS & PARKING
DEVELOPMENT OPPORTUNITY IN A HIGHLY SOUGHT-AFTER COASTAL LOCATION
Town & Country Property Auctions are delighted to offer an exciting opportunity to acquire a substantial three-storey property occupying a prominent position close to Roundham Harbour, with impressive sea views and generous off-street parking.
The property is in need of remedial works and refurbishment and is considered particularly well suited to investors and developers looking for a substantial redevelopment or conversion project.
Currently configured and previously operated as a guest house/holiday accommodation, the property provides a significant existing footprint with 12 bedrooms, extensive communal accommodation, commercial kitchen facilities, owner’s accommodation, outside space and parking.
The scale and configuration of the building could provide an excellent basis for a residential conversion or redevelopment scheme, potentially creating a number of self-contained apartments or other residential accommodation, subject to obtaining all necessary planning permissions, building regulations approvals and other consents.
For investors and developers, the attraction lies in the combination of a large existing building, sought-after coastal location, sea views and development potential. The property offers scope to acquire, comprehensively refurbish and reposition the asset to meet the demands of the local residential or holiday market.
DEVELOPMENT POTENTIAL
The property is likely to appeal particularly strongly to:
* Property developers seeking a substantial coastal conversion project
* Investors looking to create multiple residential units
* Developers exploring apartment schemes
* Buyers considering serviced accommodation or holiday apartments
* Experienced refurbishment investors looking for a value-add opportunity
* Hospitality operators wishing to modernise and reposition the existing accommodation
Potential conversion into multiple self-contained apartments, residential accommodation, an HMO or continued hospitality/holiday use should be considered subject to the necessary planning permissions and consents.
Interested parties should make their own enquiries with the relevant local authority regarding the planning potential and establish the feasibility and costs of any proposed scheme before proceeding.
THE PROPERTY
The property extends over three floors and currently provides a substantial arrangement of accommodation, reflecting its former use as a guest house.
There are 12 bedrooms, a number of which benefit from sea views or sea glimpses, together with extensive communal areas and ancillary accommodation.
The existing layout provides developers with considerable flexibility and could potentially be reconfigured as part of a comprehensive refurbishment and conversion project.
Existing Bedroom Accommodation
Room 1 – 12' x 9'1"
Double bedroom with front aspect and en-suite bathroom.
Room 2 – 12' x 9'9"
Twin bedroom with en-suite shower room.
Room 3 – 12'6" x 10'9"
Four-poster double bedroom with sea glimpses and en-suite shower room.
Room 4 – 12' x 10'
Double bedroom with sea glimpses and en-suite shower room.
Room 5 – 20'4" x 13'
Large family room with sea glimpses and en-suite shower room.
Room 6 – 11'9" x 11'
King-size bedroom with front garden views.
Room 7 – 15'8" x 13'5"
Four-poster double bedroom with bay window seating overlooking the front garden and en-suite shower room.
Room 8 – 16'5" x 15'4"
Family suite comprising double bedroom and separate single room, both with Velux windows.
Room 9 – 8'1" x 20'
Family room with uninterrupted sea views across the bay.
Room 10 – 20' x 5'
Single room with two Velux windows and sea views, currently used for storage.
Room 11 – 14'5" x 11'3"
Double bedroom overlooking the central courtyard with en-suite facilities.
Room 12 – 14' x 12'
Flexible accommodation with a large walk-in shower room.
EXTENSIVE COMMUNAL ACCOMMODATION
Lounge – 19' x 12'4"
Front-facing reception/lounge with bay window and period features.
Guest Lounge/Bar – 17' x 12'9"
Spacious communal room with seating and decorative fireplace.
Bar Area – 12'8" x 10'
Existing fitted bar area.
Dining Room – 30' x 10'9"
Large dining space with roof skylights and capacity for approximately 25–28 guests.
COMMERCIAL KITCHEN & ANCILLARY SPACE
The property benefits from a substantial existing commercial kitchen, including:
6-ring gas range and oven
4-ring gas cooker with oven
Dual deep-fat fryer
Under-counter and upright refrigeration/freezer facilities
Stainless steel preparation areas
Double sink and dishwasher
Extensive wall and base units
Utility Room – 13' x 7'3"
With washing machine, tumble dryer and access to the central and private courtyards.
OWNER'S ACCOMMODATION
The existing owner’s accommodation comprises:
Bedroom – 13'2" x 8'5"
Lounge – 13'2" x 10'
Shower Room – Including a large walk-in shower
Private Rear Patio
There is also an office measuring approximately 10'4" x 4'.
EXTERNAL
One of the property's key advantages for redevelopment is the provision of generous off-street parking, which is a valuable and relatively scarce feature in this sought-after coastal location.
The property also benefits from garden and courtyard areas.
LOCATION
The property is positioned close to Roundham Harbour, within easy reach of the area's beaches, coastal walks, shops, cafés, restaurants and other amenities.
The South West Coast Path is nearby, providing access towards Goodrington Sands and the surrounding coastline.
The combination of its coastal position, sea views, accessibility and existing parking makes this a particularly interesting proposition for developers seeking an opportunity in an established and desirable seaside location.
INVESTMENT SUMMARY
This is not simply an opportunity to acquire an existing guest house. The property should be of particular interest to investors and developers prepared to undertake a comprehensive programme of remedial works, refurbishment and potential reconfiguration.
With a substantial three-storey footprint, 12 existing bedrooms, extensive ancillary accommodation, sea views and off-street parking, the property offers considerable scope to explore alternative uses and a potential residential conversion.
The opportunity could suit a developer looking to create multiple apartments, an investor seeking to reposition the asset, or an experienced refurbishment specialist looking for a substantial coastal project.
Potential redevelopment and conversion opportunities are subject to planning permission, building regulations approval and all other necessary consents. Interested parties are strongly advised to make their own independent enquiries regarding the feasibility of their proposed scheme prior to bidding.
KEY INVESTOR HIGHLIGHTS
• Substantial three-storey property
• 12 existing bedrooms
• Prominent coastal location
• Close to Roundham Harbour
• Sea views and sea glimpses
• Generous off-street parking
• Extensive existing accommodation and footprint
• In need of remedial works and refurbishment
• Potential for residential conversion/development
• Ideal project for experienced developers and investors
• Planning potential to be investigated by interested parties
A rare opportunity to acquire a substantial coastal property with significant potential for redevelopment and value enhancement.
Early viewing is strongly recommended for developers and investors looking for their next coastal conversion project.
* Plus 5% Buyers Premium + VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
MULTI-ROOM PROPERTY IN GREAT LOCATION
POTENTIAL FOR RECONFIGURATION / DEVELOPMENT
GREAT LOCATION
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
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