The property team at Bath law firm Withy King is playing a key role in developing a major mixed-use project helping to regenerate the seafront at Torquay.
The firm is handling pre-letting of the commercial units on the ground floor of the prestigious, £17m Abbey Sands scheme, pictured, for developer Havard Estates and has already secured Le Bistrot Pierre and Loungers’ The Visto Lounge, which are now open for business.
Withy King’s residential property team is also dealing with the sale of the award-winning developmemt’s 27 luxury, two to four-bedroom apartments, including two penthouses. All boast 2.5m floor-to-ceiling windows with uninterrupted views of Torre Abbey Sands and across the bay.
Head of Withy King’s commercial property team in Bath, partner Paul Daniels, pictured below, said: “We advised Havard Estates on the purchase of the main site from the previous developer’s bank-appointed receiver as well as a key piece of adjoining land owned by Torbay Council, and then helped to secure the necessary planning consents.
“We worked closely with Havard Estates before, during and after construction and continue to be actively involved with the project in the pre-letting of the commercial units and the sale of the residential apartments.
“This is a top-end development in a highly sought-after location which has achieved the design ‘wow factor’ our clients were looking for. The successful pre-lettings together with the level of residential sales activity demonstrate the demand for quality properties in the right location, particularly now that overall market confidence is improving.”
The Abbey Sands development, which is due to be completed early next year, won the Best Mixed-Use Development UK category of the UK Property Awards 2014-15, which celebrate the highest level of achievement in the property and real estate sector.
The scheme is regarded as making an important contribution to the regeneration of Torquay and the wider area and helping attract further inward investment.