Budleigh Salterton’s former Lloyds Bank building can be redeveloped into five apartments and a shop after amended plans for the Fore Street property were approved.
Original proposals for the plot had also included a café or restaurant – but the eatery aspect was scrapped from the scheme.
East Devon District Council (EDDC) has given the go-ahead for a retail space and two dwellings on the ground level.
An existing first-floor flat will be converted into a pair of homes – with another residential unit in the roof pitch on the second floor.
Three parking spaces will be created to the rear of the property.
Granting the bid planning permission under delegated powers, an EDDC officer said: “Use of the ground floor as a retail unit is deemed acceptable subject to further information being submitted to ensure that the use would not have a detrimental impact upon the amenity of future occupants.
“The application has received support from the town council and a local ward member.
“The scheme has been commended for providing small residential in the town centre.”
The original planning application had asked for the ground floor of 8 Fore Street to be designated for multiple uses.
Retail, a restaurants/café and financial and professional services has been proposed before the scheme was amended.
“It is…considered these new businesses will be more appropriate for the site’s location than its current vacant use as a bank and strengthen the link between the town centre and the seafront,” said the plans.
“The proposed new apartments will be of a modest development to provide the local community affordable housing.”
A pair of one-bedroom and three two-bedroom flats have been given the green light.
The application did not specify how many jobs could be created by the retail unit or its possible opening hours.
The vacant former bank previously had 203sq m designated for financial and professional services.
Lloyds – Budleigh’s last remaining permanent bank – closed in January last year.