Central Promenade, Douglas
Asking price: £650,000

This is a rare opportunity to own a distinctive seafront hotel with approved planning permission to transform it into a modern aparthotel. Set against a stunning coastal backdrop, this impressive five storey property, complete with basement storage, promises both elegance and investment potential.

Planning permission granted in 2012 allows for an extensive refurbishment and redesign, with structural enhancements already underway. Initial renovation work includes stripping each floor down to its bare walls, removal of old flooring, and installation of new radiators and windows, creating a blank canvas to build an upscale, contemporary aparthotel. The approved plans envision a stylish and inviting ground floor, designed to offer a warm welcome with a spacious residents’ lounge, a reception area and bar, two additional restrooms, a fully equipped kitchen, a utility room, and private manager's quarters with an ensuite bathroom.

The upper floors are primed to be converted into six individual apartments, each featuring an open-plan lounge and kitchen area, along with a bedroom complete with a sleek, ensuite shower room. This thoughtful layout ensures a comfortable, self-contained space for guests, blending the comfort of a private apartment with the convenience and service of a hotel.

This property offers an exciting, blank-slate development opportunity in a prime seafront location, ideal for investors with a vision for hospitality. With all foundational work underway, this hotel awaits a complete transformation, ready to meet the high standards of modern travellers and bring new life to this coastal landmark. Full refurbishment throughout will allow you to create an aparthotel that captures the beauty of its surroundings and delivers a unique guest experience.

Planning reference number: 12/00368/B