Torquay

Upper Floors Development Opportunity with Planning Permission. Planning Permission Approved for 2 x 2 Bed Flats & 2 x 1 Bed Flats.

The property is situated in a highly central position in Torquay, on Fleet Street, one of the town’s principal commercial streets. The location benefits from excellent access to the town centre, harbour, seafront, restaurants, cafés, leisure facilities and public transport connections.Fleet Street forms part of Torquay’s main retail and commercial core and is well placed for access to Torquay Harbourside, Union Street, the seafront and the wider English Riviera. The rear access from Rock Road provides an existing dedicated entrance to the upper floor accommodation. The property comprises the upper floors of 33 Fleet Street, Torquay, currently vacant and arranged as store room accommodation.The plot is to be sold by way of a new long leasehold title, to be created on sale. Planning permission has been approved via Torbay Council under planning reference P/2023/1095 for the conversion of the upper floors to provide 4 residential units arranged over three floors. The proposed accommodation comprises 2 x 1-bedroom flats and 2 x 2-bedroom flats.  Planning permission is valid until February 2028. Alternative development under permitted development rights may be possible.This is an excellent opportunity to acquire a town centre development project with planning consent already achieved, providing scope for onward sale or retention as a residential investment once completed.