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Lot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - Front of the building 48 and 50 The TerraceLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - Rear of 48-50 The Terrace this is 5 Montpellier Rd and parkingLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - A view of the Torquay harbour from the window of the second floor of 50 The TerraceLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - Third floor office areas 50 The TerraceLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - Second floor office, The Terrace with views through windowsLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - Further office, views through windows of harbourLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - Room at the rear of 5 Montpellier RoadLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - Storage room to the rear of 5 Montpellier RoadLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - The Terrace, ground floor spaceLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS - The Terrace as seen from Torquay HarbourLot: 89 - SUBSTANTIAL RESIDENTIAL DEVELOPMENT WITH OUTSTANDING VIEWS PLANNING FOR TWELVE APARTMENTS -
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Lot 89 Substantial Residential Development With Outstanding Views Planning For Twelve ApartmentsAuction Date:
12th June 2024

48-50 The Terrace & 5 Montpellier Road, Torquay, Devon, TQ1 1DE

£850,000*+ FEES
Category Vacant Commercial
Tenure Freehold

A substantial residential development opportunity comprising three properties with Listed Building Consent for 'Change of Use' and Planning Permission for 12 apartments. To the front of the development (48-50 The Terrace), are two substantial bow-shaped, south facing terraced properties arranged over five storeys which have many original period features, and the rear of the building is the adjoining 5 Montpellier Road which also forms part of the development.

The terrace is situated in an elevated position in Torquay town centre with fabulous views overlooking the harbour and to the sea, being in close proximity to the town centre, local beaches and surrounding local amenities and eateries.

Existing Accommodation

The property is arranged as five floors of offices, store rooms and conference rooms throughout all of the buildings, with toilet facilities and kitchen/staff areas.

To the rear of the building there is a car parking area.

Proposed Accommodation

The development is to create five one-bedroom apartments, six two-bedroom apartments and one three-bedroom apartment. To the rear will be parking, bike storage and bin store.

Planning

Listed Building Consent has been granted by Torbay Council under ref: P/2022/0896, dated 9th July 2023 to carry out the following: Change of use from office (Use Class E) to residential (Use Class C3), internal alterations, extensions, including conversion of 5 Montpellier Road with car parking to rear to create a total of 12 apartments (see accompanying P/2022/0895).

Planning Permission has been granted by Torbay Council under ref: P/2022/0895 dated 9th July 2023 for Change of use from office (Use Class E) to residential (Use Class C3), internal alterations, extensions, including conversion of 5 Montpellier Road with car parking to rear to create a total of 12 apartments (see accompanying P/2022/0896). Description of development changed and amended plans received 30 January 2023.

Copies of the Planning Permissions and accompanying documents may be downloaded from the Local Planning Authority website, torbay.gov.uk. Tel: 01803 207801.

Auctioneer’s Note

For information relating to the current 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



48-50 The Terrace & 5 Montpellier Road, Torquay, Devon


There is an addendum available to be read
in conjunction with the legal documentation.

Further Information

Audrey Smith/James Lofthouse
on 01392 366555

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