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Commercial Property for sale

Castle Road, Torquay, TQ1

Sold STC £300,000

Property Description

Key features

  • MAIN DANCE STUDIO
  • SECOND BALLET STUDIO
  • 2 SEPARATE 3 BEDROOM HOUSES
  • 1 BED FLAT
  • 2-STOREY MAISONETTE
  • EXTENSIVE PARKING
  • SEPARATE 1 BED COTTAGE AVAILABLE BY SEPARATE NEGOTIATION WITH LINKED SALE

Full description

Tenure: Freehold

A very sizeable Freehold building with great potential to DEVELOP AND REVERT BACK INTO SEPARATE LIVING UNITS TO ADD TO A PORTFOLIO OR REDEVELOPMENT OF THE COMPLETE SITE for updating or re-sale (subject to planning consent).


Including Unit No.5 (for sale separately at £100,000), there is approx. 8,000 sq ft of floor space fortunately arranged in separate zones enabling the renovation of separate dwellings, especially the homes numbers 1 & 3, for quick re-sale whilst the remaining units can be worked on progressively for later re-sale or letting. We are instructed to sell the whole by two separate clients, who wish the sale to coincide as one transaction.


An excellent opportunity as there is ample space for each unit to have its own designated parking space or garage with garden areas that could be sub-divided between properties.




Outside 
On the east side of the property a parking area and garage is owned by the vendors of the main property, on the west side a separate car park and second garage is also included, and to the south side is found a level lawned area and sun terrace.

PRICES 
The price for 1, 3, 3a and 5 and both dance studios and car parks, offers over £300,000 Freehold. For No.5a £100,000 Freehold

Directions 
SAT NAV: TQ1 3BB. Turn into Castle Road opposite Torquay Town Hall entrance and Castle Dance Studio is at the top of the hill on the right just before the mini roundabout and entrance to multi-storey car park.

Dance Studio 

Accommodation 
The accommodation is basically arranged as follows:

Unit 1 
A separate house still retaining its own front door, staircase and with two reception rooms, kitchen, sun room, 3 bedrooms and bathroom, cloakroom/WC.

Unit 3 
Also a separate house and with its original front door, staircase, 2 receptions, kitchen, 3 bedrooms, bathroom/WC, shower room/WC, cloakroom/WC.

Unit 3a 
A lower ground floor flat in need of substantial improvement with hall, living room, bedroom, kitchen, bathroom/WC, small courtyard, separate steps entrance.

Unit 5 
Occupied by the owner of the main property, this comprises a first floor maisonette with living room, kitchen, bedroom, shower room, WC, attic studio with shower/WC off.

Main Dance Studio 
A very large area on the ground floor arranged in two sections under a flat roof, plus ladies' and gentlemen's cloakrooms and dressing rooms. The roof is reinforced with substantial RSJ beams and the flooring is Canadian Maple.

Second Ballet School 
Accessed from the west side and arranged as one large area plus ladies' and gentlemen's cloakrooms and a changing area with small office off. Flooring is Canadian Maple.

Unit 5a 
Separately owned by colleagues of the owner of 1, 3, 3a and 5 and to be sold at the same time. Consisting of a two story maisonette with living room/kitchen bathroom/WC and one bedroom, a small area of enclosed yard is included at the rear. No parking is provided at present.

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