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• LARGE PROPERTY ON THE COAST
comprising 12 apartments with huge development potential
• Holiday letting (current use)
• Re-sell as individual apartments for immediate return on investment
(all planning and leases in place)
• Conversion to larger high spec luxury seafront apartments
• Conversion to Boutique Hotel (previously a 20 bedroom hotel)
• Return to two very spacious 4 storey town houses
(as originally built)
• OUTSTANDING SEA FRONT LOCATION
in Wales' premier resort of Tenby with direct beach access from the cliff-side garden
• QUIET LOCATION yet just a short stroll from the heart of Tenby's shops, restaurants, cafes and bars
A truly unique opportunity to acquire a 20+ bedroomed, gracious Georgian property that's as close to the sea as it gets - boasting panoramic, unobstructed sea and harbour views with a private cliff patio and garden descending directly to the beach.
The first property on the end of a terrace of elegant Georgian buildings in Tenby, where other splendid Victorian and Georgian pastel coloured buildings house restaurants, cafes, public houses, art galleries, independent shops and boutiques - many within the historic Tudor walls – creating a vibrant community that has become a popular and discreet escape from city living.
Croft House is within easy walking distance to the town centre where a full range of everyday amenities is available.
10 of the 12 apartments are currently holiday let (of the other two, one is occupied by the owner and one is unoccupied), but the true potential lies in the immense commercial opportunity that exists in further development of the building.
Croft House was originally two elegant Georgian residences built in the 1830's, and has seen an interesting and successful history of conversion into commercial use. The two properties were merged to create a comfortable, stylish hotel with 20 bedrooms run by the current vendors for many years before further conversion into a profitable holiday let complex in the late 1980's.
During the 50 year period of family ownership the Grade 11 listed property has been well developed with ongoing renovation and improvements ensuring a fresh, modern look and feel to the property. Overlooking Tenby's North Beach the panoramic sea and harbour views from 8 of the 12 units is truly magnificent with the whole building benefitting from a private, cliff side patio and garden with direct beach access, and available off road parking to the rear.
There is significant opportunity for development with a number of options that include:-
selling the individual apartments as condominiums (planning/legal groundwork already in place) for an immediate return on investment;
conversion to a retirement living complex;
creating larger luxury flats that will command high selling prices due to the location;
reverting to a hotel offering boutique, upmarket accommodation right on the waterfront;
development of two fashionable 4 storey (plus basement) townhouses or one large luxury home in a highly desirable coastal location.
LOCATION, LOCATION, LOCATION!
From Croft House one can gaze out to sea and enjoy the most spectacular, panoramic views of Carmarthen Bay across to the Gower Coast and the famous view of Tenby Harbour, watch all the activities on the sea and the beach, then sit back in the glow of a magnificent Pembrokeshire sunset.
Tenby is perched dramatically on a rocky promontory, boasting award winning Blue Flag status for its white sandy beaches, it also boasts a picturesque harbour with boats ferrying people to the monastic island of Caldey or taking out families for fishing trips. With milder weather, lush Mediterranean-style vegetation thrives in pretty gardens and charming narrow streets are packed with shops, galleries and restaurants.
In the summer, the centre of Tenby is transformed into a 'cafe culture' centre, within traffic-free town walls. The restaurants and public houses take full advantage of this and you can relax and dine al fresco in Tudor Square in the middle of the town.
Within an easy drive, miles of unspoilt sandy beaches can be enjoyed along the magnificent Pembrokeshire coastline - all part of the famous Pembrokeshire Coast National Park designated an area of outstanding natural beauty, and voted No1 UK holiday destination on the BBC's Countryfile TV programme
Nearest Large Towns are the market town of Haverfordwest approx. 20 miles / ½ hour drive, with a large shopping centre and a selection of supermarkets, as well as the market town of Carmarthen approx. 26 miles with a cinema complex and restaurants as well as modern retail complexes.
The road and rail network (train station approx. ½ mile from Croft House) is excellent with easy motorway access to Swansea – 1 hr 45 mins distant and Cardiff approx. 93 miles/2 hours away
Gracious and elegant with lovely Georgian symmetry and proportions, decorative archways, high ceilings, wide stairways and an airy spacious feel throughout. the glen