Development Opportunity In Central Torquay For Sale

Business description

We are delighted to be able to offer this most well located property ideally situated directly opposite Torquay Indoor Market and within 150m of Union Street which is the main shopping avenue. This re-development opportunity comprises of approx 2,800 sq ft of retailing on ground floor together 14 residential apartments above

THE LOCATION
- This re-development opportunity is situated on Market Street which is ideally located within 150m from the main shopping parade and a short distance to bus station, railway station and A380 with links to M5 Motorway providing quick access to Bristol, Exeter, Plymouth and rail services to London and beyond


TOWN & COUNTRY PLANNING
- Torbay County Council granted conditional planning on the 31st July 2008 under application P2008/0124/MPA with a documented development start in Spring 2011


SECTION 106 AGREEMENT
- The Section 106 Agreement has been completed and dated the 23rd July 2008 with a total contribution which is linked to general index of retail prices with effect from June 2008


SERVICES
- All main services are understood to be available for connection but no detailed testing has been carried out by the Agents, Lake & Ware Commercial


RATEABLE VALUE
- Please make your own enquiries on the local Valuation Website (VOA).

Property information

Property:

Freehold

Location:

- This re-development opportunity is situated on Market Street which is ideally located within 150m from the main shopping parade and a short distance to bus station, railway station and A380 with links to M5 Motorway providing quick access to Bristol, Exeter, Plymouth and rail services to London and beyond

Premises details:

TOWN & COUNTRY PLANNING
- Torbay County Council granted conditional planning on the 31st July 2008 under application P2008/0124/MPA with a documented development start in Spring 2011


SECTION 106 AGREEMENT
- The Section 106 Agreement has been completed and dated the 23rd July 2008 with a total contribution which is linked to general index of retail prices with effect from June 2008


SERVICES
- All main services are understood to be available for connection but no detailed testing has been carried out by the Agents, Lake & Ware Commercial