Lot 130 Commercial Building With Planning For Two Flats To The Upper Floors And Further PotentialAuction Date:
12th June 2024
138 Union Street, Torquay, Devon, TQ2 5QB
Located in Torquay town centre at the top of Union Street opposite Torquay 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.
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.
Planning
Planning Permission has been granted by Torbay Council under ref: P/2023/1084 dated 10th 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.
Freehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
