Summary - 292 UNION STREET TORQUAY TQ2 5QZ
3 bed 1 bath Mixed Use
Auction opportunity for income and refurbishment potential near Torquay seafront.
Ground-floor office producing £6,240 pa on a rolling AST
Two vacant flats: one-bedroom and two-bedroom, ready for occupation
Large rear storage area with natural light for potential conversion
Sold at public auction on 23 October 2025; guide price £175,000+
EPCs rated C; upper floors have gas central heating and double glazing
Located in a high-crime, very deprived area; buyer caution advised
Broadband speeds very slow; mobile signal excellent
Victorian mid-terrace, pre-1900 walls likely uninsulated; maintenance needed
A three-storey Victorian mixed-use freehold in Torquay offered at auction with immediate rental income from the ground-floor office. The ground floor is let on a rolling assured shorthold tenancy producing £6,240 per annum, while the first- and second-floor flats are vacant and ready for re-letting or refurbishment. All units are individually metered and upper floors benefit from gas central heating and double glazing; EPCs are rated C.
The building sits on a prominent retail stretch with on-street parking and nearby public car parks, close to beaches and town amenities. A large rear storage area with natural light provides scope, subject to consents, to create additional accommodation or expand living space. The property is sold at public auction (Thursday 23 October 2025) with a guide price of £175,000+.
Buyers should note material locality and property considerations: the area scores as very deprived with very high crime rates, and broadband speeds are very slow. The sandstone/limestone walls are assumed uninsulated and the building pre-dates 1900, so further investigation into insulation, services, and repairs is advisable. The property will suit investors or buyers comfortable with refurbishment and managing a mixed-use asset sold at auction.
Practical positives include mains gas heating, individual utility meters, secure entry system, and low council tax banding for upper flats. Planning or building works to increase income or improve layouts are possible but would require consent and budget for modernization and ongoing maintenance.
3 bedroom flat for sale in Union Street, Torquay, Devon, TQ2 — £175,000 • 3 bed • 1 bath • 646 ft²
Mixed use property for sale in 53-55 & 59 Market Street, Torquay, Torbay, TQ1 3AW, TQ1 — £150,000 • 1 bed • 1 bath
1 bedroom flat for sale in 12(A) Magdalene Road, Torquay, TQ1 4AF, TQ1 — £25,000 • 1 bed • 1 bath
Mixed use property for sale in Torquay, TQ1 — £140,000 • 1 bed • 1 bath
2 bedroom flat for sale in Belgrave Road, TQ2 5HZ, TQ2 — £110,000 • 2 bed • 1 bath • 366 ft²
Storage facility for sale in Workshop & Storage to the Rear of, 179 Union Street, Torquay TQ1 4BY, TQ1 — £5,000 • 1 bed • 1 bath • 732 ft²
