Torquay Road, Paignton, Devon, TQ3

Mixed-Use Investment Opportunity

A centrally located commercial and residential redevelopment prospect in the heart of Paignton, extending to approximately 397 sq m. The building, previously operated as a bank, now has the benefit of approved planning consent to transform the ground floor into a commercial or retail premises, with the upper floor arranged to provide three self-contained residential flats.

The proposed residential layout comprises two one-bedroom apartments and one two-bedroom apartment. Full details of the approved plans can be found under the planning references P/2024/0873, P/2025/0249 and P/2025/0661.

£150,000 Guide Price + Fees

Tenure

Legal pack available upon request.

Full Information

Additional materials including photographs, floor plans, dimensions, and area measurements (where available) can be accessed online via our website. These are provided for identification purposes only and should not be relied upon as exact representations.

Viewings

Block viewing appointments will be arranged in advance of the auction. To book a viewing, please contact Auction House South West on .

Notice to Bidders

Please note that if your bid is successful at auction, contracts will be exchanged immediately upon the conclusion of the sale.

Energy Performance

Current EPC rating: D (87)

Legal Representation

Wolferstans Solicitors
Contact: Ebenezer Ola
Tel: /

Important Information for Buyers

Prospective purchasers are advised to carefully review the Special Conditions of Sale included within the legal pack. These outline additional costs that may be payable alongside the purchase price, which can include search fees, legal costs, and other associated charges.

Additional Costs
• Buyer’s Premium: £1,200 (inclusive of VAT), payable on exchange
• Administration Fee: £1,200 (inclusive of VAT), payable on exchange
• Disbursements: Refer to the legal pack for details of any further costs payable on completion

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

TRQ260118/2