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The property is a mixed-use freehold building located in a highly central position on Fleet Street, Torquay. It comprises a ground floor retail unit, approximately 128 sq m in size, arranged as a jeweller's with a recessed arcade frontage and a roller shutter. The unit is currently vacant but has a lease agreement in place for £15,000 per annum from September 2025. The upper floors are vacant, with approved planning permission for the conversion into 4 residential units, comprising 2 one-bedroom flats and 2 two-bedroom flats, each with approximately 37-57 sq m of living space. The residential accommodation is currently vacant.