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Block of apartments for sale
Ingledene, 1 Central Promenade, Douglas
£650,000
Ingledene, 1 Central Promenade, Douglas
£650,000
Our Summary
- This is a rare opportunity to own a distinctive seafront hotel with approved planning permission to transform it into a modern aparthotel
- Set against a stunning coastal backdrop, this impressive five storey property, complete with basement storage, promises both elegance and investment potential
- Planning permission granted in 2012 allows for an extensive refurbishment and redesign, with structural enhancements already underway
- Initial renovation work includes stripping each floor down to its bare walls, removal of old flooring, and installation of new radiators and windows, creating a blank canvas to build an upscale, contemporary aparthotel
- This property offers an exciting, blank-slate development opportunity in a prime seafront location, ideal for investors with a vision for hospitality
- Planning reference number: 12/00368/B
Description
This rare opportunity presents a chance to transform a distinctive seafront hotel into a modern aparthotel, with approved planning permission dating back to 2012. The five-storey property, complete with basement storage, offers a blank canvas to create an upscale, contemporary aparthotel. The approved plans envision a stylish ground floor with a residents' lounge, reception area, bar, kitchen, and private manager's quarters, while the upper floors can be converted into six individual apartments with open-plan lounge and kitchen areas, bedrooms, and sleek shower rooms. With foundational work already underway, this property is ready for a complete transformation, offering an exciting development opportunity for investors with a vision for hospitality.