Studio flat for sale

An excellent opportunity has become available to purchase this impressive fourteen-bedroom hotel, ideally located moments from Paignton's bustling Green and the golden sands of Paignton Beach; a popular destination for both tourists and locals year-round.

Set in the heart of an established coastal area, this substantial property offers remarkable flexibility. Subject to the relevant permissions, it offers a wide scope of potential uses such as a traditional hotel guesthouse, house in multiple occupation (HMO), conversion into apartments, a supported living home, or continued use as profitable holiday accommodation.

The property boasts numerous features designed for comfort and functionality. At the front, a dedicated driveway offers parking for four vehicles. To the rear, guests and residents can enjoy a well-kept courtyard garden leading to a generous covered storage area, which also provides access to a rear service lane. Further enhancing the accommodation is a fully self-contained one-bedroom garden flat, complete with a modern shower room, open-plan kitchen and living area, utility space, and its own private covered patio.

Inside the main building, the ground floor is well-appointed for hospitality use, comprising a spacious lounge with bar, a separate guests' dining area, and a fully fitted commercial kitchen with stainless steel appliances, an extraction system, and adjacent laundry facilities.

Across the upper levels, accommodation is arranged on the first and second floors. Two separate staircases positioned at either end of the property provide access to the first floor, where a central hallway seamlessly links both wings of the hotel. A similar configuration continues on the second floor, ensuring practical circulation throughout. In total, the hotel offers fourteen guest bedrooms, twelve of which benefit from en-suite facilities, allowing it to accommodate a wide range of guest groups. Currently, the owners operate nine of the fourteen letting rooms, by personal lifestyle choice, leaving scope for an incoming operator to increase capacity if desired.

In keeping with modern energy efficiency, the property is equipped with sixteen roof-mounted solar panels benefiting from a feed-in tariff, providing valuable supplementary income.

This superbly located hotel lies within walking distance of Paignton's vibrant town centre, harbour, and popular beaches including Fairy Cove and Goodrington Sands. Residents and visitors alike benefit from excellent local amenities, including retail outlets, diverse dining options, entertainment venues, schools, and the nearby mainline railway station, offering convenient travel links across the region.

Early inspection is strongly recommended to appreciate its full potential. Please refer to the accompanying floorplan for a detailed layout.

Tenure: Freehold
The property has a current rateable value of £7,200 (source: VOA). Interested parties are advised to make their own enquiries with the local billing authority to confirm the exact rates payable.