Summary - 248 Union Street,TORQUAY,TQ2 5QU TQ2 5QU
1 bed 1 bath Mixed Use
**Standout Features:**
- Freehold mixed-use property with strong rental potential.
- Vacant ground floor and mezzanine previously used as a restaurant, ideal for conversion (STP).
- Three self-contained residential flats above, currently generating £19,800 per annum.
- Central location on Union Street with high footfall and excellent transport links.
- Chain-free sale with potential for further development.
This unique mixed-use property at 248 Union Street, Torquay, presents an enticing investment opportunity for both owner-occupiers and investors. Boasting a prime, highly visible location, the building consists of a vacant ground floor and mezzanine area previously used as a restaurant, which holds great promise for conversion into residential units or continued commercial use, subject to planning permission. The upper floors are home to three self-contained residential flats—two one-bedroom and one two-bedroom—currently yielding a solid income of £19,800 per annum.
With excellent transport connections and a bustling urban environment, this property caters to those looking to capitalize on rental income while also enjoying the possibility of personal business ventures. While the property's condition may require some updates, it offers substantial renovation potential and flexibility for future development. Given the combination of financial viability and location, interested buyers should act swiftly to seize this rare opportunity in a rapidly evolving market.
Commercial property for sale in Torquay, TQ2 — £175,000 • 1 bed • 1 bath • 2109 ft²
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Mixed use property for sale in 123 Union Street, TQ1 — £135,000 • 1 bed • 1 bath • 356 ft²
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Mixed use property for sale in Torquay, TQ1 — £275,000 • 1 bed • 1 bath • 764 ft²
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