16 bed block of flats for sale

Whitby Road, Loftus, Saltburn-By-The-Sea TS13

Located just off the A174, this property is conveniently situated 5 miles from the coastal town of Saltburn-by-the-Sea. The area is known for its stunning coastline and vibrant community, making it an attractive destination for tourists. The existing building spans over 500 square meters, providing ample space to develop a hotel that can cater to visitors exploring the North Yorkshire coast.

The property includes a large car park with space for 12-14 vehicles, an attractive feature for future guests. While the hotel requires full renovation throughout, the opportunity to create a bespoke accommodation experience is unmatched. Current full planning permission is in place for a 16-bedroom hotel complete with a licensed bar and restaurant, offering significant potential for income generation. Planning Application Ref: R/2024/0549/ff.

A video of the property's internal condition is available upon request, providing insight into the renovation needs. With a brand new roof fitted, this is a development opportunity not to be missed. Enquire today to explore this opportunity and make your mark on Saltburn-by-the-Sea's thriving tourism industry.

*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information