Summary - 292 UNION STREET TORQUAY TQ2 5QZ
3 bed 1 bath Mixed Use
Three-storey buy-to-let with refurbishment upside in Torquay.
Freehold mixed-use mid-terrace, three storeys
A three-storey mixed-use freehold on Torquay’s Union Street, offered for sale by public auction with a guide price of £175,000+. The ground floor is a self-contained retail/office currently let on a rolling AST, producing £6,240 pa; the first- and second-floor flats are vacant and accessed via a secure entry system. Upper floors benefit from gas central heating, double glazing and EPC ratings of C. A large rear storeroom with natural light presents scope, subject to consents, to extend or reconfigure additional accommodation.
This property suits investors or a small owner-occupier seeking an income-producing asset with near-term enhancement potential. The building is Victorian mid-terrace (pre-1900) with traditional sandstone/limestone walls assumed to lack insulation. Services are individually metered, and the flats are in need of re-letting or refurbishment to maximise rental value.
Buyers must note material negatives plainly: the area records very high crime and severe deprivation indicators, broadband speeds are very slow, and the plot is small with on-street parking only. Any conversion or extension plans will require local consents. The sale is by auction (virtual livestream), so allow for auction fees and the conditional nature of auction purchases.
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