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Torquay TQ1 Mixed use for sale
Torquay TQ1
£140,000
Torquay TQ1
£140,000
Our Summary
- Freehold Mixed-Use Investment with Development Opportunity
- PLANNINGPlanning permission has been granted for the conversion of the existing commercial accommodation and flat into a 3-bedroom town house and the lower stores into a 1 bedroom flat
- Planning was granted alongside a larger scheme including 203 Union Street, but these opportunities are being offered separately
- A link to the planning application can be found here: P/2023/0821 - Conversion from two commercial premises with a single flat above into two town houses and flat
- 203 UNION STREET 203 Union Street is also available for sale and also offers residential development opportunity
- Planning Permission Granted for 3 Bed Town House & 1 Bed Flat
- Potential to Reapply for Planning to Create More Units
Description
This freehold mixed-use property in Torquay, Torre, offers a unique investment opportunity with development potential. The property is situated on Union Street, a prominent commercial thoroughfare with on-street parking and good transport links. The property comprises a mid-terraced building with a shop premises on the ground floor, storage rooms and basement storage on the lower ground floor, and a self-contained two-bedroom flat on the first and second floors. The property is being sold with vacant possession and has planning permission granted for the conversion of the commercial accommodation and flat into a 3-bedroom townhouse and the lower stores into a 1-bedroom flat. The property also benefits from its own independent utility connections and is available for offers in the region of £140,000.