Lot 47 - Commercial Building With Potential

Guide Price* : £150,000 Plus Located in Torquay town centre at the top of Union Street opposite Torbay Town Hall, a popular area for many national retailers, estate agents and solicitor offices, is this large freehold commercial property now with Planning Permission granted for two flats. The property is arranged over five floors at the front and over three floors at the rear. To the front is a ground floor office and ancillary space with two rooms below. The upper two floors to the front of the property currently offer offices and ancillary space. To the rear of the building and accessed from Temperance Street is a large garage with two storage areas with further lower floor storage. The building has access from the front and upper floors to a fire exit leading to the rear. An ideal opportunity for those looking for an investment or for builders who may see potential for the development of the building for the subdivision of the current accommodation into the two residential flats, and further potential of the large garage/workshop/store to the rear being suitable for other uses, subject to all necessary consents being obtainable. Ground Floor Accessed from Union Street via double fronted doorway to large office area, inner lobby area and large filing/office room with access to fire escape. Access from office to cellar: hallway, two rooms and cloakroom W.C. Rear Loading Bay Store/Garage Accessed from filing/store room via fire escape and also from Temperance Street at the rear of the property is a roller door to garage and pedestrian access, office and two large workshop/stores. Lower Floor Level Two storage rooms. First Floor Access via private door from the front of the building with stairs to half landing, cloakroom W.C., door to fire escape, main landing and two large offices. Second Floor Landing with storage, kitchen/staff room, with cloakroom W.C. and two offices. Planning Planning Permission has been granted by Torbay Council under ref: P/2023/1084 dated 15th April 2024 to permit the conversion of 1st and 2nd floors to two flats at 138 Union Street Torquay TQ2 5QB. A copy of the Planning Permission and accompanying documents may be downloaded from the Local Planning Authority website: torbay.gov.uk. Tel: 01803 207801. Proposed Accommodation Communal access and stairs to first floor half landing with fire exit and bin store. Flat 1 Entrance lobby, open plan kitchen/living room and bedroom with en-suite shower room. Flat 2 – Second Floor Entrance hallway, open plan kitchen/living room, bedroom and shower room. Auctioneer's Note For information relating to the rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field. Freehold with Vacant Possession Joint Auctioneer Bettesworths, 29/30 Fleet Street, TORQUAY, TQ1 1BB, 01803 212021