Initial price	£2,300,000
23/04/23	£1,300,000
01/05/24	£1,200,000
Price Change	-47.83%

<|start_header_id|>assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: A rare development opportunity presents itself in the form of an existing hotel/restaurant and surrounding land, which is set to be converted into four houses and a separate detached lodge. The property, currently generating £80,000 per annum in rent, is situated near the shopping centre, sandy sea front, and Highcliffe Castle, with access to the main line train station and New Forest. The site includes two listed gate houses, a detached lodge, and the hotel/restaurant, which is rented out for £80,000 per annum. Preliminary plans have been drawn up to construct six Regency-style houses, with the potential for further development. The property offers an ideal opportunity for an experienced developer to create a unique and desirable residential development.