This freehold mixed-use property presents a compelling opportunity for renovation and investment. It is configured as a two-bedroom self-contained flat, a commercial unit with street-level access, and additional basement storage areas across five levels. Located on the prominent Union Street in Torquay, the property enjoys excellent visibility, nearby parking facilities, and convenient transport links. The vibrant surroundings include Upton Park and various local amenities, with Torquay Harbour and the seafront just a short distance away.
The ground floor features a shop with a large glazed frontage, leading to lower ground level storage rooms that benefit from natural light thanks to windows facing Upton Park. The upper floors house the residential flat which is currently tenanted under an AST at £650 per month, providing immediate rental income.
Significantly, planning permission has been secured for transformation into a three-bedroom townhouse from the existing configuration and converting the lower storage into an additional one-bedroom flat. This offers significant potential for maximizing rental yield or resale value. The property is offered with vacant possession of the commercial unit while keeping the residential tenant legally intact. With its current layout and approved development plans, this property represents an exceptional opportunity for savvy investors looking to capitalize on Torquay's growing market.
