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Our Summary
- Freehold Mixed-Use Investment and Development Opportunity in Central Torquay
- Upper Floors with Planning Permission for 2 X 2-Bedroom Flats and 2 X 1-Bedroom Flats
- The upper floors are currently vacant and planning permission has been approved for the conversion of the upper floors to provide 4 residential units arranged as 2 x 1-bedroom flats and 2 x 2-bedroom flats, with permission valid until February 2028
- PLANNING Planning permission has been approved by Torbay Council under reference P/2023/1095 for the creation of 4 residential units to the upper floors, comprising 2 x 1-bedroom flats and 2 x 2-bedroom flats
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Description
The property is a mixed-use freehold building located in a highly central position on Fleet Street, Torquay. It comprises a ground floor retail unit, approximately 128 sq m in size, arranged as a jeweller's with a recessed arcade frontage and a roller shutter. The unit is currently vacant but has a lease agreement in place for £15,000 per annum from September 2025.
The upper floors are vacant, with approved planning permission for the conversion into 4 residential units, comprising 2 one-bedroom flats and 2 two-bedroom flats, each with approximately 37-57 sq m of living space. The residential accommodation is currently vacant.