An Attractive Detached Property With 7 Flats, Low-Maintenance Investment
Torquay, Devon
An attractive, detached property comprising eight-contained apartments, previously operated as a holiday complex, now diversified into long-term lets. The site benefits from extensive parking, mature gardens for tenant use, several workshops, and included one of the apartments is used as a spacious two-bedroom owner's apartment with private garden. Ideally located within a short walk of Torquay town centre, harbour, seafront, and the main bus and train stations. This turnkey property qualifies for roll-over relief and is being reluctantly offered for sale due to ill health. Early viewings are highly recommended to avoid disappointment.
LOCATION
Chestnut Lodge is ideally positioned on a quiet, tree-lined road in the heart of this vibrant, year-round coastal resort. The property is just minutes from Torquay’s bustling town centre, harbour, and seafront, where a wide range of restaurants, wine bars, theatres, and high street shops can be found. The central railway station and bus terminal are also within easy walking distance. The property is well-connected to major road links, with the M5 motorway providing convenient access to all areas of the UK.
BUSINESS
The property has been operated by a husband-and-wife team for nearly 20 years and is now reluctantly being placed on the open market. The business requires minimal hands-on involvement, making it suitable for remote management or as a complement to an existing occupation. All tenants are responsible for their own council tax and electricity, with water included in their rent. The current rental income is strong, and the agents believe that with light decorative improvements and enhancements to communal areas, rental yields could be further increased. Full income details will be provided following a formal viewing.
Accommodation Comprises
2 x One-Bedroom Flats (external access)
1 x Two-Bedroom Flat (external access)
2 x One-Bedroom Flats (within the main building)
2 x Two-Bedroom Flats (one within the main building and the other directly from outside and used by the owners)
1 x Studio Flat (within the main building)
Outside Space
Gardens
A wide entrance leads to a private car park and pathways connecting to two beautifully maintained, mature gardens for both owners and tenants. There are also multiple sheds and workshops on-site.
Parking
A large, enclosed private car park is located at the front of the property, offering ample parking for tenants, visitors, and owners.
PLANNING
The usage has been for Holiday apartments for many years but the last few years, our clients have been letting all the apartments, apart from owners accommodation on long term lets (AST Agreements)
Fixtures and Fittings
All trade fixtures and fittings, excluding the vendor’s private possessions, are included in the sale. A full inventory will be provided prior to exchange of contracts. Stock will be sold at valuation upon completion. No testing of fixtures, fittings, or appliances has been undertaken by the agents, Ware Commercial.
Services
The property is connected to mains gas, electricity, water, broadband, and drainage. Please note, no testing of these services has been carried out by the agents, Ware Commercial.
Business Rates
Interested parties are advised to make their own enquiries via the Valuation Office Agency website at www.voa.gov.uk. The property previously qualified for full small business rates relief. All flats are now individually rated for council tax (all rated Band A).
Tenure
Freehold
VIEWINGS
All viewings are to be conducted strictly by appointment via the agents Ware Commercial. Contact: Tel.: 01803 328880 or 01392 462266 Email: [email protected] Via 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.
An Attractive Detached Property With 7 Flats, Low-Maintenance Investment
Torquay
£555,000FreeholdRowdens Road, Torquay, Devon, TQ2 5AZ
An attractive, detached property comprising eight-contained apartments, previously operated as a holiday complex, now diversified into long-term lets. The site benefits from extensive parking, mature gardens for tenant use, several workshops, and included one of the apartments is used as a spacious two-bedroom owner's apartment with private garden. Ideally located within a short walk of Torquay town centre, harbour, seafront, and the main bus and train stations. This turnkey property qualifies for roll-over relief and is being reluctantly offered for sale due to ill health. Early viewings are highly recommended to avoid disappointment.
LOCATION
Chestnut Lodge is ideally positioned on a quiet, tree-lined road in the heart of this vibrant, year-round coastal resort. The property is just minutes from Torquay’s bustling town centre, harbour, and seafront, where a wide range of restaurants, wine bars, theatres, and high street shops can be found. The central railway station and bus terminal are also within easy walking distance. The property is well-connected to major road links, with the M5 motorway providing convenient access to all areas of the UK.
BUSINESS
The property has been operated by a husband-and-wife team for nearly 20 years and is now reluctantly being placed on the open market. The business requires minimal hands-on involvement, making it suitable for remote management or as a complement to an existing occupation. All tenants are responsible for their own council tax and electricity, with water included in their rent. The current rental income is strong, and the agents believe that with light decorative improvements and enhancements to communal areas, rental yields could be further increased. Full income details will be provided following a formal viewing.
Accommodation Comprises
2 x One-Bedroom Flats (external access)
1 x Two-Bedroom Flat (external access)
2 x One-Bedroom Flats (within the main building)
2 x Two-Bedroom Flats (one within the main building and the other directly from outside and used by the owners)
1 x Studio Flat (within the main building)
Outside Space
Gardens
A wide entrance leads to a private car park and pathways connecting to two beautifully maintained, mature gardens for both owners and tenants. There are also multiple sheds and workshops on-site.
Parking
A large, enclosed private car park is located at the front of the property, offering ample parking for tenants, visitors, and owners.
PLANNING
The usage has been for Holiday apartments for many years but the last few years, our clients have been letting all the apartments, apart from owners accommodation on long term lets (AST Agreements)
Fixtures and Fittings
All trade fixtures and fittings, excluding the vendor’s private possessions, are included in the sale. A full inventory will be provided prior to exchange of contracts. Stock will be sold at valuation upon completion. No testing of fixtures, fittings, or appliances has been undertaken by the agents, Ware Commercial.
Services
The property is connected to mains gas, electricity, water, broadband, and drainage. Please note, no testing of these services has been carried out by the agents, Ware Commercial.
Business Rates
Interested parties are advised to make their own enquiries via the Valuation Office Agency website at www.voa.gov.uk. The property previously qualified for full small business rates relief. All flats are now individually rated for council tax (all rated Band A).
Tenure
Freehold
VIEWINGS
All viewings are to be conducted strictly by appointment via the agents Ware Commercial. Contact: Tel.: 01803 328880 or 01392 462266 Email: [email protected] Via website: www.warecommercial.com
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.