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Price History
Our Summary
- Former planning for 5 flats
- Full renovation opportunity
- Development Opportunity in a Prime Location
- Situated on Victoria Parade just moments from the Promenade, The Ship Hotel presents a rare investment opportunity with sea air on the doorstep and partial river views from the upper floors
- The building is somewhat dilapidated and requires a comprehensive scheme of renovation, offering purchasers a blank canvas to redesign and reconfigure to modern standards
- The property previously benefited from planning permission for conversion into five self-contained flats, comprising one two-bedroom apartment and four one-bedroom apartments (APP/19/00860)
- Whilst this has now lapsed, the precedent offers clear scope for buyers to explore reapplication, subject to the necessary consents
- With no outdoor space but an enviable coastal location, this is an ideal opportunity for an investor or developer seeking a substantial project with strong rental demand and the potential to grow a property portfolio in a sought-after setting
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Description
The property is situated on Victoria Parade with sea air and partial river views from the upper floors. It has three floors, including a first-floor entry point, and is accessed from the side of The Ship public house. The accommodation is currently arranged as multiple individual rooms with several ad-hoc kitchen and bathroom facilities.
The building is dilapidated and requires renovation to modern standards. It previously had planning permission for conversion into five self-contained flats, consisting of one two-bedroom and four one-bedroom apartments. The property has no outdoor space but an enviable coastal location.