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Business to swap in Devon, United Kingdom (Ref: 3818)

Lifestyle move to the Enlish Riviera with fabulous income potential

Price: £395,000

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  • Type:Business
  • Living Area:400 m²
  • Situation:Coastal
  • Bedrooms:13
  • Bathrooms:14
  • Land:600 m²

Wanting to live in the beautiful English Riviera in the stunning county of Devon minutes’ walk to the sea?

The property is a 4 story 19th Century building located just a few minutes’ walk to the landmark beaches, bustling harbour, fabulous shops, cafes, bars, restaurants, and nightlife of Torquay seaside town in the heart of the English Riviera. It is located in an enviable position opposite a pretty park and close to the Torquay museum, with a local supermarket just a few minutes’ walk from the property. The Hilton chain of Hotels and Premier Inn are currently both investing in the immediate area – just a few minutes’ walk away; proving the need and demand for quality holiday accommodation in the vicinity. No doubt their facilities will be available to non-paying guests as per the norm in Torquay, which is a huge bonus to anyone not wanting the overheads or responsibility of such extensive amenities. 

Originally built as a large 4-story townhouse the property has been used as a home, a Hotel and more recently as student accommodation rented exclusively to a local language school, it could be utilised as either a continuation of the current business model or reverted back to a small boutique hotel or an upper class B&B.

The property presents to the buyer on the lower ground floor a fabulous 2-bedroom / 2-bathroom self-contained owner’s apartment with kitchen, lounge, study / dining area plus lots of built in storage space. It has its own separate entrance at the rear, with patio doors and a kitchen door all leading to the lovely sunny private courtyard.

The first and second floors above currently offer 11 double bedrooms all with en-suite bathrooms. The best use for the ground floor would be to lose 3 of the 11 bedrooms (still keeping 8) and make these 3 ground floor rooms into a lounge, dining room and kitchen for guests. There is also currently a cloakroom on this floor which would make an ideal office, keeping the apartment below completely for personal use. 

Although not currently trading as such, a quality double en-suite bedroom in the area fetches between £50 – £100 per night. For those wanting less responsibility, alternatively the whole upper 3 floors could be rented as a single self-catering holiday home fetching as much as £4,000 per week in peak season. (Researched comparables available upon request).

Room sizes are:

SECOND FLOOR / 4 DOUBLE EN-SUITE BEDROOMS / SWEEPING STAIRECASE & LANDING

BEDROOM – 4.56 m X 3.50 m  / EN-SUITE - 2.30 m X 1.10 m

BEDROOM – 4.50 m X 3.80 m  / EN-SUITE – 3.5 m X 1.00 m

BEDROOM – 4.90 m X 3.50 m / ENSUITE – 2.3 m X 1.6 m

BEDROOM  -  4.90 m X 3.70 m  / ENSUITE – 2.15 m X 1.25 m

HALL, STAIRES & LANDINGS – 7.50 m X 2.30 m

 

FIRST FLOOR / 4 DOUBLE EN-SUITE BEDROOMS

BEDROOM – 4.80 m X 3.60 m / EN-SUITE - 2.40 m X 1.10 m

BEDROOM – 4.60 m X 2.50 m / ENSUITE – 3.90 m X 1.05 m

BEDROOM – 4.80 m X 2.90 m / ENSUITE – 2.30 m X 1.30 m

BEDROOM – 4.90 m X 4.20 m / ENSUITE 2.20 m X 1.20 m

HALL, STAIRES & LANDINGS – 7.50 m X 2.30 m

 

523 / GROUND FLOOR / 3 DOUBLE EN-SUITE BEDROOMS / WC

DOOR & ENTRANCE HALLWAY – 4.60 m X 1.60 m

CLOAKROOM – 2.30 m X 1.70 m 

ROOM – 5.80 m X 4.20 m / ENSUITE – 3.50 m X 1.60 m

ROOM – 4.50 m X 2.40 m / ENSUITE - 2.30 m X 1.70 m

ROOM  – 4.80 m X 4.60 m / ENSUITE – 3.40 m X 2.30 m

 

523 / LOWER GROUND FLOOR – 2 BED / 2 BATH / SELF-CONTAINED APARTMENT

KITCHEN – 7.00 m X 1.70 m

LOUNGE – 4.40 m X 3.20 m

BEDROOM 1 – 5.50 m X 3.20 m

BEDROOM 2 – 3.50 m X 2.50 m / ENSUITE – 1.70 m X 1.40 m  

BATHROOM – 2.60 m X 2.20 m / HALLWAY – 6.10 m X 2.30 m

Take a google Earth walk around Torquay harbour to see the amenities, as my photos here concentrate on the property. The first few photos show the exterior, sweeping staircase and a typical guest bedroom and bathroom, the remaining photos are of the owner's accommodation. Please appreciate all bedrooms in the 3 upper floors rooms are currently furnished for students but all can comfortable accommodate double, king-size or twin beds. The whole property was completely re-furbished only 3 years ago and will be clean, re-painted and very presentable when vacated by the language school shortly.

This would be a perfect lifestyle move for anyone wishing to live on the Devon coastline and run a small manageable business for howver many months of the year they wish to work and trade. 

Alternatively, for a large family, the apartment below could be rented to holiday makers and the new owner could occupy the whole of the upper 3 floors - making a fabulous and massive home by the seaside, with a smaller but still substantial income. 

Price: £395,000

Looking to swap for: Ideally, I am looking to release some cash and a holiday home from the property, so am looking to swap for a property up to 200K (or the equivalent in Euros) and the balance of 195 k in cash. My preference is to swap for a property in Spain close to the sea, but it would have to be a townhouse or a villa – I am not interested in an apartment. I would consider most areas of Spain but my preference would be the Southern or South East coast of Spain.

This property is for sale or permanent swap through the owner.

Contact the owner of this property


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