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Two prime Torbay waterfront development opportunities come to the market

14th November 2017

Categories: Latest News

Award winning Property Agents Bettesworths have announced that they have received instructions from TDA and Torbay Council to market two prime waterfront leisure development opportunities in Torquay and Paignton.

Bettesworths have been asked to secure new operators for the Old Toll House site adjacent to the landmark Abbey Crescent development on Torquay seafront and the Harbour Light building at Paignton Harbour. Both opportunities have had schemes drawn up, subject to planning, for exciting restaurant/bar/café developments, making full use of these character buildings in prime locations.

The Old Toll House is situated on Torquay’s seafront opposite the promenade and less than a quarter of a mile from the town centre, the harbour and marina.   The recent completion of the Abbey Sands development has demonstrated the popularity of this waterfront location, with visitors and locals frequenting the many new bars and restaurants giving the whole area a cosmopolitan and continental feel.  Nearby occupiers include Bistro Pierre, Visto Lounge, Coco Lounge, On the Rocks, Las Iguanas and Pier Point.

The Old Toll House is a handsome Grade II Listed stone building, originally used by local boatmen and the Council’s gardener, which is believed to date to back to circa 1840.  The property is owned by Torbay Council and managed by TDA who have drawn up plans for two impressive schemes to utilise the building as a restaurant/bar/café with further extensions to the rear and side of the original property, creating up to 3,100 sq ft of commercial space. The designs involve a mixed scheme of modern and traditional architecture with seating on two levels and an open-air terrace enjoying sea views to the front of the first floor area.

The Harbour Light property is uniquely situated on the water’s edge of the picturesque Paignton Harbour in the heart of Torbay.  The dual aspect, Grade II listed property faces both seaward, with views stretching across the Bay to Torquay and Hopes Nose, and inward over the quintessential English harbour. 

TDA have recognised the property’s future potential and are seeking operators keen to enhance the building by creating a vibrant “destination venue” given its unique waterside location and character.  Plans have been drawn up for two schemes, subject to planning, offering the building as one property or as individual units.  Both schemes involve complete refurbishment of the existing property, modernising the existing fabric of building and enhancing the property.  The two schemes also include the creation of a first floor outside terrace with wide ranging sea views, with up to 6,000 sq ft of commercial space available. The current tenants at the site will continue to be in occupation until September 2018 with their business unaffected.

Bettesworths are seeking initial expressions of interest by Friday 15th December 2017, with full rental proposals to be received by the closing date of Friday 2nd February 2018. 

Matt Bettesworth who is handling the two properties on behalf of TDA commented “these really are fabulous waterfront opportunities, the likes of which do not come up very often. It is great to see TDA on behalf of Torbay Council looking at these important historic buildings with the view to enhancing them and breathing new life into them with exciting 21st century schemes and designs. We are looking forward to generating some serious interest in the two sites and are hopeful that these opportunities will appeal to both private, regional and national operators.”

Further details are available at www.bettesworths.co.uk

For further information please contact Matt Bettesworth or Genevieve Stringer on 01803 212021 or enquiries@bettesworths.co.uk

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