Summary - 123, UNION STREET TQ1 3DW
1 bed 1 bath Mixed Use
**Standout Features:**
- Prime location at the top end of Torquay town center
- Excellent visibility and street frontage for maximum advertising
- Versatile mixed-use space (office/studio/retail) ideal for various class ‘E’ purposes
- Total area of 33.08m² (356.07 sq ft) with several accessory spaces
- Small storage area and WC included
**Downsides:**
- Awaiting comprehensive redevelopment; potential concerns about structural integrity
- Subject to an 8% share of exterior maintenance and insurance
Discover a unique investment opportunity at 123 Union Street, TQ1, a prominent mixed-use property for sale for offers around £135,000 (inclusive of VAT). This versatile space boasts excellent visibility within Torquay's bustling town center, making it ideal for retail, office, or studio use. The ground floor encompasses a main retail area of 28.1m², complemented by a rear storage room and essential WC facilities.
This historical Victorian building, characterized by high ceilings and charming red brick exterior, offers renovation potential, allowing a future owner to capitalize on its urban investment possibilities. Additionally, the property is VAT registered, creating opportunities for reclaiming some costs—particularly advantageous for VAT-registered buyers. On the downside, while the property is currently in need of significant redevelopment, the freeholders have confirmed no liability for exterior maintenance costs, alleviating immediate financial burdens.
Positioned in an area with high walking traffic and proximity to essential amenities, including schools and public transport, this property offers a compelling chance for investors looking to establish a thriving business in a highly sought-after location. Don’t miss your chance to make this space your own; explore its potential today!
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