Prominent central location with planning upside for additional homes.
Freehold mixed-use building over five levels
A freehold mixed-use opportunity in central Torquay, arranged as a ground-floor shop with basement stores and a self-contained two-bedroom flat above. The commercial unit is sold with vacant possession; the flat is let on an AST at £650 PCM and has separate utility supplies. Planning permission exists for a 3-bedroom townhouse and a 1-bedroom flat, and there is scope to reapply for additional units subject to consent.
The property occupies a prominent position on Union Street, close to transport links, Upton Park, the harbour and seafront. Basement rooms receive natural light overlooking the park, and the building retains traditional period features to the façade. Connectivity is strong — excellent mobile signal and fast broadband — which supports residential or business use.
Buyers should note the surrounding area is very deprived with very high crime levels and a transitional, constrained-renter demographic; these factors affect lettability and resale values. The plot is small and the building is mid-terraced, so external amenity space is limited. The commercial unit requires reoccupation or fitting out and the upper accommodation will need standard refurbishment to modern rental standards.
This property suits an investor or developer comfortable working in challenged urban locations: someone seeking immediate rental income from an existing AST, with planning upside and scope for renovation-led value. Full due diligence is recommended on planning strategy, security considerations and refurbishment costs before purchase.