Torquay

This property presents a noteworthy opportunity for renovation and investment, situated in an elevated position on Melville Street, just a stone's throw from the vibrant Torquay town center. The location is convenient for accessing local amenities, while the picturesque Torquay harbor is within easy reach, enhancing its appeal. The site currently holds planning permission (P/2023/0838) for the development of six residential units within a new apartment building. Notable features of this plan include two units that will benefit from private balconies, providing potential outdoor space for future residents. The proposal also includes essential infrastructure improvements such as internal cycle storage and refuse areas, as well as the extension of the pedestrian footway to enhance accessibility. This property offers investors a chance to bring their vision to life in a desirable coastal location. The existing planning consent simplifies the development process, allowing for an efficient transition from concept to construction. Additionally, with both residential demand and tourism thriving in Torquay, this site's transformation into multiple dwellings could yield attractive returns on investment.