Development/ Investment property in Torquay

£170,000 Freehold
  • bexley3
bexley3

Development/ Investment property in Torquay

Bexley Garage & Cottage, Bexley Lane, Torquay , Devon, TQ2 5BB

A unique mix investment/development opportunity comprising of 1 two-bedroom apartment, 1 one-bedroom apartment and large garage and land. The garage befits from electricity, water, sewage. The garage site could either be suited as a smaller development or as currently let to an owner operator garage repair centre. The two-bedroom apartment is also let on a AST agreement however, the one-bedroom ground floor apartment is not let but requiring a complete refurbishment. Located in the very heart of Torquay, Devon and only minutes away from the town centre, harbour and sea front. There is no alternative planning on the site apart from lapsed planning from years ago....


LOCATION

The property and site are situated off Bexley Close with its added benefit from its own parking which adjoins the garage. The location is within a short walking distance to town centre and seafront and situated in a densely populated area of Torquay and with local schools nearby.

 

THE PROPERTY

1 two-bedroom apartment

1 x one bedroom (not let and requiring refurbishment)

1 x garage/site, parking & land

Currently achieving a rental of £950.00 per calendar month

We the agents feel with an upgrade of both apartments and a roof improvement to the garage, a revised rental income of nearer £xxx should be achieved. However, a smaller residential development would create a greater uplift in value overall.

The residential apartments span over two floors with the two-bedroom apartment on the 1st floor and the one bedroom on the ground floor.

 

ACCOMMODATION

 

GARAGE

Through main doorway up steps into:

 

OFFICE

3.97x 2.72m

 

MAIN GARAGE AREA

27.35m x 8.57m & 17.18m x 6.44m

Main area split into 3 different working and service areas

 

ACCOMMODATION

Access along path next to garage, to main front door, into hallway, door to:

 

GROUND FLOOR FLAT

 

LOUNGE

3.33m x 3.31m

With 2 windows to front and door to:

 

KITCHEN

2.84m x 1.83m

With base and wall mounted units with inset stainless-steel sink and space for cooker and washing machine

 

BEDROOM

4.13m x 3.31m

With wardrobe and large walk-in cupboard and window to rear

 

BATHROOM

With bath, WC and Wash Hand Basin

 

FIRST FLOOR FLAT

From main hallway through front door and stairs up to:

 

LARGE LANDING AREA

 

BATHROOM
Bath with shower over, WC and wash hand basin

 

BEDROOM 1

4.26m x 2.62m

With window to side

 

BEDROOM 2

4.10m x 2.71m

With window to side

 

LOUNGE

3.98m x 3.77m

With 2 windows to front

 

KITCHEN

2.60m x 3.85m

With base and wall mounted units, space for cooker and fridge freezer and washing for washing machine.

 

SERVICES

Mains electricity, water and drainage are all connected. However, no testing of these services has been undertaken by the Agents Ware Commercial.

 

BUSINESS RATES

Please make your own enquiries on the local Valuation Website (VOA) at www.voa.gov.uk

 

TENURE

Freehold

 

VIEWINGS

All viewings are to be by appointment through Ware Commercial

Tel: 01803 328880

Email info@warecommercial.com

Website: www.warecommercial.com

 

 

 

 


Misrepresentation Act: Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.