Mixed Commercial Development / Residential Investment Opportunity

A mid terrace commercial shop set over multiple floors with a 2 bedroomed maisonette over. This surprisingly spacious property is in a popular area in this seaside town and offers potential for those looking for an investment / development property. Full Planning Permission has been granted to convert the existing shop and the flat above into a three bedroom townhouse (135 sqm) and to create a two bedroom rear flat (65 sqm), accessible from the rear of the building. (Ref P/2023/0821 Torbay Planning) The property offers the potential to convert into multiple flats and an application process has been started with the local planning authority. Architect drawings are included within the legal pack which is FREE to download from our website. The Maisonette is currently rented on a monthly rolling AST to a tenant with a rental of £577pcm so offers the potential for an income whilst any work is taking place.

Tenure

Freehold

AUCTIONEERS NOTE

The Local Search on this property is due on 07 November 2024.

VIEWINGS

Weekly block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West T: 03456 461361 to book a viewing slot.

ACCOMMODATION

COMMERCIAL PREMISES Ground Floor: Front Shop Area - 13'9'' x 11'5'' (4.18m x 3.48m) Rear Shop Area - 14'7'' x 12'2'' (4.44m x 3.71m) Additional Storage Area Basement: Large Storage Area W/C Additional W/C Kitchen Area - 10'6'' x 9'9'' (3.19m x 2.98m) Rear: Storage Area Workshop - 17'4'' x 10'2'' (5.29m x 3.10m) MAISONETTE Ground Floor Hallway Lounge - 10'2'' x 11'6'' (3.1m x 3.5m) Kitchen - 5'3'' x 12'6'' (1.6m x 3.8m) Bedroom 1 - 5'11'' x 11'6'' (1.8m x 3.5m) Bathroom - 8'6'' x 7'10'' (2.6m x 2.4m) Bedroom 2 - 8'6'' x 7'10'' (2.6m x 2.5m) Bedroom 3 - 16'1'' x 9'2'' (4.9m x 2.8m)

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Energy Efficiency Rating (EPC)

Current Rating 103 E

Local Authority

Torbay Council

Solicitors

22 Law Solicitors, 22 Front Street, Ref: Claire Stanton, Tel: 0191 488 4950

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.