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Our Summary
- Potential for Further Residential Development of Rear Areas (Previous Consent Granted)
- These have previously had consent to be converted to residential or could be adapted using the rear of the retail unit to create multiple units or a house, subject to necessary consents
- UNCONVERTED STORES To the rear of the property, accessed from Rowley Road is an existing store which has potential to be converted to residential accommodation
- Likewise, the rear of the ground floor retail unit has potential for residential conversion, either separately to the above or as part of a larger single two storey dwelling
- This potential is subject to necessary consents, although we are informed by our client that residential consent has been granted over this area in the past
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Description
The property is a substantial mixed-use freehold investment located in the heart of St Marychurch Precinct in Torquay. It consists of a large ground floor retail unit with approximately 115m2 (1,237 sq ft) of space, a store, and a WC, and a two double bedroom flat above, which is currently let at £750 per calendar month. To the rear of the property, there is an existing store that has potential to be converted to residential accommodation, as well as a potential area for residential conversion at the rear of the ground floor retail unit, subject to necessary consents.