Investment/Development Property in Torquay

£185,000 Freehold
  • ellacombe17
ellacombe17

Investment/Development Property in Torquay

1 Ellacombe Church Road, Ellacombe, Torquay, Devon, TQ1 1LH

A unique mix investment/development opportunity comprising of 1 two-bedroom apartment, 1 studio apartment, former garage and land. The former garage befits from electricity, water, sewage and the roof was removed many years ago. The site would be ideally suited as a smaller two storey development or a smaller apartment complex subject to the necessary planning consent. There is no planning for in place as yet for the garage/site....


LOCATION

The property and site is situated on the corner of Victoria and Ellacombe Church Road with the added benefit from its own parking which adjoins the former 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 with rental income –                                            £6,000 per annum

 

1 x studio apartment with rental income –                                                     £4,380 per annum

 

1 x garage/site, parking & land (currently not let)

 

We the agents feel with an upgrade of both apartments and a roof reinstated to the garage, a revised rental income of nearer £20,000 should be achieved. However, a smaller residential development would create a greater uplift in value overall.

The residential letting property spans over two floors with the two-bedroom apartment accessed via Ellacombe Church Road and the Studio apartment, garage, land and parking via Victoria Road.

 

ACCOMMODATION

 

STUDIO APARTMENT

Entrance through part glazed door to:

 

KITCHEN

4.35m x 2.80m

The kitchen comprises of an array of wall and base fitted units with inset single stainless-steel sink and drainer, 1 four ring electric cooker with oven & grill, wall-mounted combi-boiler, under counter fridge and space for both washing machine, tumble dryer and window to front.

 

BEDROOM

3.70m x 3.30m

A large room with window to side and door to:

 

BATHROOM

Benefitting from a full-length bath & shower over, WC and wash hand basin.

 

TWO/THREE BEDROOM APARTMENT

Entrance through part glazed door to:

 

KITCHEN

4.18m x  2.7m

The kitchen comprises of an array of wall and base fitted units with inset single stainless-steel sink and drainer, 1 four ring electric cooker with oven & grill, wall-mounted combi-boiler, under counter fridge and space for both washing machine, tumble dryer, window to front and side.

 

BEDROOM 1

3.47m x 2.68m

With a window to rear.

 

BEDROOM 2

3.56m x 3.01m

With window to rear.

 

BATHROOM

Benefitting from a full-length bath & shower over, WC, wash hand basin and window to side.

 

LOUNGE

3.65m x 3.51m

A large flexible room with large window to rear.

 

DINING ROOM

3.06m x 2.82m

Benefitting from double locked door with staircase which could interconnect with the studio below and window to front.

 

OFFICE / STUDY

2.59m x 1.75m

A smaller room with door to inner secure court-yard.

 

GARAGE / SITE

8.70m x 5.93m max

This site is accessed via Victoria Road and is of irregular shape with the benefit of electrical, water and sewage supply however, the roof has been removed many years ago. To the south of the site is a larger plot of grass which tapers down to a point linking both Victoria and Ellacombe Church Road.

 

SERVICES

Mains electricity, gas, 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.