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
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
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
