A substantial landmark property, Municipal Chambers, in Union Street, Torquay is to be sold at auction with a guide price of £150,000-£200,000.
The four-storey property which features a distinctive circular tower housing a spiral staircase, is 8245 square feet. Dating from the late 19th Century the building occupies a prominent corner position opposite the famed Grade II listed Torbay Town Hall. It comprises three ground floor retail units (one sold off on a long lease) and three floors of office space above.
Toby Limbrick, auctioneer at Network Auctions, said, ‘Municipal Chambers offers huge potential for development. It is a prominent building sweeping along the curve of Union Street and climaxes in a circular tower at the corner of Castle Road. There is lapsed planning for 12 x 1-bedroom flats. The upper floors were previously let to a language school and the two ground floor premises to a coffee outlet and a barber. In addition, former male and female conveniences occupy part of the ground floor of the property and these also have potential for alternative use. On the lower ground floor there is also a cellar – it’s a huge chunk of property!’
‘We are delighted to be able to bring this to market and believe it will be of interest to many developers who will jump at the chance to bring this iconic building back to life.’
Municipal Chambers, Union Street, Torquay, Devon will be sold on 8th July by Network Auctions. For more information: www.networkauctions.co.uk