Investment/Redevelopment Opportunity... Block of apartments for sale

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Investment/Redevelopment Opportunity... Block of apartments for sale

Investment/Redevelopment Opportunity, Torquay
£300,000

Our Summary

  • The ground floor of the main house house previously been used as an undertakers offices and premises and offers scope for continued commercial use or possible re-development into residential use, subject to obtaining any necessary planning consents
  • The current owners have drawn up plans for conversion into two flats but have not submitted a formal planning application
  • This again has scope for development into residential use possibly retaining the garaging on the ground floor with a flat above or possibly developing into two residential flats, subject to obtaining any necessary planning consents
  • The current owners have drawn up plans for conversion but have not submitted a formal planning application

Description

This large semi-detached property offers a unique opportunity for redevelopment or continued commercial use. The ground floor, previously used as an undertaker's office, has scope for continued commercial use or residential conversion, subject to planning consents. The first floor is a spacious two-bedroom flat currently let on an assured shorthold tenancy. The lower floor features a large cellar/basement with limited head height. A separate two-storey outbuilding to the rear, previously used for garaging, also has development potential for residential use, possibly retaining a garage on the ground floor with a flat above or converting into two residential flats. The property has parking areas to both the front and rear, and the current owners have drawn up plans for conversion, which are available to view upon request. Additionally, the adjoining property at number 4 Hoxton Road may also be available for purchase, offering a larger combined property.