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Established Development Opportunity In Torquay For Sale

Torquay, Devon, UK
Asking Price:
£595,000
Turnover:
Not applicable
Net Profit:
Not applicable

A prime development opportunity within the sought-after 'Terrace', Torquay, Devon. The development benefits from granted planning permission for a change of usage from offices to residential C3 usage and for the creation of 7 apartments, many of which will enjoy spectacular sea views and are only a few minutes' walk from the town centre, beach, and harbour. The whole site is made up of 2 x postal addresses, and there is an option to acquire the adjoining No. 48 with planning permission for an additional 5 x apartments. Early viewings are recommended.

Torquay is one of the UK’s most popular coastal destinations, with a good year-round holiday trade. It is only a short distance from Dartmouth and equidistant from the cities of Plymouth and Exeter, with its international airport, mainline train station and M5 motorway. Situated off The Terrace, it is located just a short walking distance from the picturesque Marina and Harbour of Torquay and a level walk along The Esplanade, with lovely views over Torbay to Paignton and Brixham. It is also within a short walk of the main shopping precinct, Princess Theatre and the Riviera Convention Center.

Planning

The property has planning permission to be converted into 7 x residential apartments under planning reference P/2022/0895, as well as the change of use from office (Use Class E) to residential (Use Class C3) under reference P/2022/0896.

Local Planning Authority

Services

Mains gas, electricity, water, broadband and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.

Plans

A full set of plans is available on request.

Tenure

Freehold

Viewings

Property Information

Property:

Freehold