A Turnkey Investment Opportunity in Torquay
Torquay, Devon
An impressive period property comprising of five generously sized, self-contained residential flats, all currently let under assured short hold tenancy agreements (One of the apartments is currently being formalised with the planning department after over ten years of continuous use). This well-maintained investment has been successfully operated for many years, consistently delivering a strong rental income. Each flat offers spacious bedrooms, comfortable living areas, and access to a garden.
LOCATION
It is ideally located on Abbey Road, just a short walk from Torquay’s vibrant town centre, picturesque seafront, and convenient rail and bus links. A multi-storey car park is also situated on the same road, providing excellent parking options for residents and visitors.
BUSINESS
This property has been successfully owner operated for several years, together with a local agent who, when required obtains new tenants for the owner. The property offers an appealing opportunity for investors seeking a well-established, high-yield rental asset in a prime central location.
ACCOMMODATION COMPRISES
Entrance through a large wooden feature door with glass to:
Large communal hallway, landlords store room, staircase a under stairs storage.
Flat 1
473 sq ft
Situated on the second floor, this bright and generously proportioned flat features a bedroom, kitchen, bathroom, and a lounge with views over the rear garden. The lounge benefits from an abundance of natural light, enhanced by dual aspect windows.
Flat 2
602 sq ft
A well-proportioned two-bedroom apartment. Located on the first floor featuring a welcoming lounge with an original fireplace, leading into a modern kitchen fitted with white wall and base units, an integrated oven with induction hob, fridge freezer, and a stainless steel sink with drainer. The flat also includes a bathroom and a convenient built-in storage cupboard.
Flat 3
355 sq ft
Accessed via the main entrance on the ground floor, this one-bedroom, L-shaped apartment offers well-arranged accommodation comprising a lounge, kitchen, bedroom, and bathroom. This flat offers the potential to be converted into a two bedrooms by incorporating the landlords storage room as a second bedroom.
Flat 4
226 sq ft
Accessed via the communal hallway and leading to a side courtyard, this one-bedroom apartment features an entrance hall, an open-plan kitchen/living area, and a bathroom.
Flat 5
Accessed through the communal hallway and side courtyard, this one bedroom apartment features an open plan kitchen and living area and benefits from a lawned garden to the rear.
OUTSIDE
To the rear, a generously proportioned, tiered lawned garden incorporates an seating area, while the front of the property boasts a well-maintained lawned garden.
FIXTURES & FITTINGS
A full inventory of trade fixtures, fittings, and equipment is included in this freehold sale, excluding the vendor’s private items. A comprehensive inventory will be provided before the exchange of contracts.
UTILITIES
Mains electricity, gas, water, and drainage are connected. However, the agents, Ware Commercial, have not conducted any testing of these services.
BUSINESS RATES
Interested parties should make their own enquiries via the local Valuation Office Agency website at www.voa.gov.uk.
LEGAL FEES
Each party will be responsible for their own legal costs related to the sale/purchase of this property.
TENURE
Freehold
VIEWINGS
All viewings and enquiries must be arranged through Ware Commercial.
Contact Details:
Tel: Torquay Office: 01803 328880 or Exeter Office: 01392 462266
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.
A Turnkey Investment Opportunity in Torquay
Torquay
£355,000Freehold50 Abbey Road, Torquay, Devon, TQ2 5NH
An impressive period property comprising of five generously sized, self-contained residential flats, all currently let under assured short hold tenancy agreements (One of the apartments is currently being formalised with the planning department after over ten years of continuous use). This well-maintained investment has been successfully operated for many years, consistently delivering a strong rental income. Each flat offers spacious bedrooms, comfortable living areas, and access to a garden.
LOCATION
It is ideally located on Abbey Road, just a short walk from Torquay’s vibrant town centre, picturesque seafront, and convenient rail and bus links. A multi-storey car park is also situated on the same road, providing excellent parking options for residents and visitors.
BUSINESS
This property has been successfully owner operated for several years, together with a local agent who, when required obtains new tenants for the owner. The property offers an appealing opportunity for investors seeking a well-established, high-yield rental asset in a prime central location.
ACCOMMODATION COMPRISES
Entrance through a large wooden feature door with glass to:
Large communal hallway, landlords store room, staircase a under stairs storage.
Flat 1
473 sq ft
Situated on the second floor, this bright and generously proportioned flat features a bedroom, kitchen, bathroom, and a lounge with views over the rear garden. The lounge benefits from an abundance of natural light, enhanced by dual aspect windows.
Flat 2
602 sq ft
A well-proportioned two-bedroom apartment. Located on the first floor featuring a welcoming lounge with an original fireplace, leading into a modern kitchen fitted with white wall and base units, an integrated oven with induction hob, fridge freezer, and a stainless steel sink with drainer. The flat also includes a bathroom and a convenient built-in storage cupboard.
Flat 3
355 sq ft
Accessed via the main entrance on the ground floor, this one-bedroom, L-shaped apartment offers well-arranged accommodation comprising a lounge, kitchen, bedroom, and bathroom. This flat offers the potential to be converted into a two bedrooms by incorporating the landlords storage room as a second bedroom.
Flat 4
226 sq ft
Accessed via the communal hallway and leading to a side courtyard, this one-bedroom apartment features an entrance hall, an open-plan kitchen/living area, and a bathroom.
Flat 5
Accessed through the communal hallway and side courtyard, this one bedroom apartment features an open plan kitchen and living area and benefits from a lawned garden to the rear.
OUTSIDE
To the rear, a generously proportioned, tiered lawned garden incorporates an seating area, while the front of the property boasts a well-maintained lawned garden.
FIXTURES & FITTINGS
A full inventory of trade fixtures, fittings, and equipment is included in this freehold sale, excluding the vendor’s private items. A comprehensive inventory will be provided before the exchange of contracts.
UTILITIES
Mains electricity, gas, water, and drainage are connected. However, the agents, Ware Commercial, have not conducted any testing of these services.
BUSINESS RATES
Interested parties should make their own enquiries via the local Valuation Office Agency website at www.voa.gov.uk.
LEGAL FEES
Each party will be responsible for their own legal costs related to the sale/purchase of this property.
TENURE
Freehold
VIEWINGS
All viewings and enquiries must be arranged through Ware Commercial.
Contact Details:
Tel: Torquay Office: 01803 328880 or Exeter Office: 01392 462266
Email: info@warecommercial.com
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.