48-50 The Terrace & 5 Montpellier Road, Torquay - Residential Development Opportunity - For Sale

DESCRIPTION

The properties have planning permission to be converted into 12 residential apartments under planning reference P/2022/0895, as well as the change of use from office (Use Class E) to residential (Use Class C3) P/2022/0896. The development proposes the change of use from offices in numbers 48 and 50 The Terrace to residential with the provision of 10 apartments, comprising 3 one bedroom, 6 two bedroom and 1 three bedroom property. No. 5 Montpellier Road would be converted to create 1 one bedroom apartment and 1 two bedroom apartment. The proposed internal alterations to create the new apartments have been carefully considered during the design process to ensure the retention and restoration of the historic floor plans, features and detailing.

• A Grade II Listed Georgian building with planning permission in the heart of Torquay.
• OIRO £935,000
• Torquay station 1 mile (London Paddington, 2 hours 59 minutes), A380 (South Devon Expressway) 4 miles, Exeter 23 miles, Exeter International Airport 26 miles

Location

The area provides many scenic walks along South Devon’s coastal footpaths, with local golf courses also nearby. Communications links are excellent: the nearby A380 dual carriageway provides access to Exeter and the M5 motorway and Torquay station offers regular services to Newton Abbot and from there to central London. Exeter airport has a growing number of national and international flights, including daily flights to London City Airport. The area offers a good range of state schooling including Warberry Church of England Academy, The Spires College and Torquay Academy together with a selection of noted independent schools including EF Academy, Abbey, Trinity, Park, St. Christopher’s, Totnes Progressive and Stover.

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