Residential development for sale

>

Residential development for sale

Esplanade, Shanklin
£550,000

Our Summary

  • The property is a former trading hotel with planning permission to convert to 3 x holiday apartments and 1 x residential townhouse with the following accommodation: Holiday AccommodationGround Floor - approx
  • PLANNINGPlanning permission was granted in July 2021
  • Planning reference no: 20/01648/FUL

Description

Situated on Shanklin's award-winning seafront with breathtaking sea views, this former bar, restaurant, and hotel offers a rare opportunity for developers and investors. The property features parking to the rear and has planning permission to convert into 3 holiday apartments and 1 residential townhouse, each with spacious living areas, bedrooms, and bathrooms. The apartments boast large balconies and patios with direct sea views, while the residential townhouse offers 3 bedrooms, a kitchen, living room, home office, games room, and 2 family bathrooms. The property has mains electricity, gas, water, and drainage, and the vendor is asking for a Guide Price of £550,000.
Finance This Property