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Hook & Parrot Inn East Walk 11,372 sq ft Retail Property Seaton EX12 2LS £700,000 (£61.55/sq ft)



Investment Highlights
- Unique development opportunity
- Superb seafront location
- Floor area: 11,372 sq. ft. (1,056 sq. m.)
- Mixed-use development
- Detailed planning consent
Executive Summary
A unique mixed use development opportunity in a prime location on Seaton's sea front, for the creation of a restaurant/bar and nine luxury apartments, all with spectacular sea views over Seaton Bay.
The property comprises the freehold interest in the former Hook & Parrot Inn, located in a prime position overlooking Seaton's sea front. The property has planning consent under planning reference 25/0470/FUL with the East Devon District Council for the demolition of the existing public house and 3 residential apartments, and construction of replacement bar/restaurant and 9 luxury residential apartments.
The approved plans include provision for a secure underground car park, with allocated parking for each apartment and a passenger lift serving the basement, ground, first, second and third floors. The property has full vehicular access from Harbour Road to the rear and direct pedestrian access from the Esplanade to the front. Each new apartment will benefit from spectacular sea views over the beach and Seaton Bay.
The property is on the seafront and a few minutes’ walk from Seaton town.
Seaton is a popular coastal resort on the Jurassic Coast, with its tourist tramway and mile-long pebbled beach. The town itself has many small shops, a local hospital, doctors' surgeries, primary school, bank and building society as well as two large supermarkets. A popular resort for holiday makers, and boasts a wealth of activities including golf, tennis, bowls, and sailing. There are good secondary schools nearby along with the renowned Colyton Grammar School, which is just 3 miles inland. The county town of Exeter, with its regional airport, is some 20 miles to the west, and the mainline rail link to London (Waterloo) is at Axminster, approximately 5 miles in distance.
The property comprises the freehold interest in the former Hook & Parrot Inn, located in a prime position overlooking Seaton's sea front. The property has planning consent under planning reference 25/0470/FUL with the East Devon District Council for the demolition of the existing public house and 3 residential apartments, and construction of replacement bar/restaurant and 9 luxury residential apartments.
The approved plans include provision for a secure underground car park, with allocated parking for each apartment and a passenger lift serving the basement, ground, first, second and third floors. The property has full vehicular access from Harbour Road to the rear and direct pedestrian access from the Esplanade to the front. Each new apartment will benefit from spectacular sea views over the beach and Seaton Bay.
The property is on the seafront and a few minutes’ walk from Seaton town.
Seaton is a popular coastal resort on the Jurassic Coast, with its tourist tramway and mile-long pebbled beach. The town itself has many small shops, a local hospital, doctors' surgeries, primary school, bank and building society as well as two large supermarkets. A popular resort for holiday makers, and boasts a wealth of activities including golf, tennis, bowls, and sailing. There are good secondary schools nearby along with the renowned Colyton Grammar School, which is just 3 miles inland. The county town of Exeter, with its regional airport, is some 20 miles to the west, and the mainline rail link to London (Waterloo) is at Axminster, approximately 5 miles in distance.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
11,372 sq ft
Costar Property Class
C
Year Built
1960
Price
£700,000
Price per sq ft
£61.55
Tenancy
Single
Number of Floors
3
Plot ratio
2.10
Total Plot Size
0.12 ac
Frontage
60 ft on East Walk
Amenities
- Waterfront
Nearby Major Retailers
1 of 6
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Hook & Parrot Inn | East Walk
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