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Torquay

£140,000

Business rates & charges may apply

Bettesworths, Devon
SIZE

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SECTOR

Mixed use property for sale

FLOOR PLANFLOOR PLAN
2

Key features

  • Freehold Mixed-Use Investment with Development Opportunity
  • Arranged as 2 Bed Flat, Commercial Unit and Basement Stores
  • Planning Permission Granted for 3 Bed Town House & 1 Bed Flat
  • Potential to Reapply for Planning to Create More Units
  • Sold with Vacant Possession

Description

Freehold Mixed-Use Investment with Development Opportunity. Arranged as 2 Bed Flat, Commercial Unit and Basement Stores. The property is situated in a prominent position on Union Street, Torre in central Torquay. Torre is a well-established commercial thoroughfare at the top of Torquay’s High Street, benefitting from on street parking and good transport links. Upton Park and various local amenities are located nearby, with Torquay Harbour and the seafront also within easy reach.  201 Union Street comprises a mid-terraced freehold property arranged over five levels. The ground floor provides a shop premises with a glazed frontage to Union Street and internal stairs leading to the lower ground floor. The lower ground level offers storage rooms and access to further basement storage. Arranged on the side of a hill the lower ‘basement rooms’ benefit from natural light from windows facing out over Upton Park. The first and second floors comprise a self-contained two-bedroom flat with independent access. The flat benefits from separate utility supplies.  

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The property is being sold with vacant possession.

PLANNING

Planning 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. | Robert Excell 203 Union Street Torquay TQ1 4BY

Alternatively, the reference on Torbay Council's Planning Portal is: P/2023/0821

TENURE

Freehold with vacant possession.

PRICE

Offers in the region of £140,000.

203 UNION STREET

203 Union Street is also available for sale and also offers residential development opportunity. Details of this property can be requested from the Agents.

SERVICES

The flat and shop have their own independent utility connections.

BUSINESS RATES

2023 List: £4,900.

Please note this is not the Rates Payable amount. Eligible parties will be able to claim 100% Small Business Rates Relief. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.

COUNCIL TAX BAND

B and A.

VAT

We understand the property is not elected for VAT.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

EPC RATINGS

Shop – E.
Flat – E.

VIEWING

Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.

Energy Performance Certificates

Energy Performance Certificate

Brochures

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Torre Station0.5 miles
  • Torquay Station0.7 miles
  • Paignton Station2.8 miles

About Bettesworths, Devon

Fleet Street, Torquay, TQ1 1BB

Bettesworths is an independent family business, owned and run by the third generation Chartered Surveyor Directors, Matt & Paul.

We have an experienced team, highly skilled and expert in delivering a broad range of services to clients looking for the very best results.

Our breadth of experience across all property sectors, the depth of our day to day involvement and our technical knowledge gives Bettesworths an unrivalled platform from which to provide advice to meet our clients’ needs.

Our clients range from private individual property owners and occupiers to PLC institutions. We ensure each and every one is best supported with a service with which to meet the challenges and changes in the market and their own circumstances.

We offer free initial consultations without obligation, so please contact a member of our team to discuss your requirements.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 12696439. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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