A Well Established Residential Investment Property For Sale

Torquay, Devon

£285,000Freehold
75 Walnut RoadTorquayDevonTQ2 6HUView Map

A well-established residential investment for sale, comprising of 3 spacious apartments, ideally situated in a sought-after and affluent area of Torquay, Devon. This property has been successfully owner operated for many years, consistently delivering a good rental income. With free on-street parking, and its prime location, this is a rare and attractive opportunity for investors. Early viewing is highly recommended to avoid disappointment.

LOCATION

Set on a picturesque, tree-lined street in one of Torquay’s most desirable and affluent neighbourhoods. It consistently attracts high-quality professional tenants and offers easy convenience, as the property is just a short walk from the seafront, harbour, town centre, along with easy access to the bus and train stations. Torquay, part of the vibrant Torbay region, is a thriving coastal town known for its year-round events, attractions, and lifestyle appeal. With a wide selection of cafes, bars, and restaurants, it blends seaside charm with modern living. Excellent transport links provide easy access to key cities like Exeter and Plymouth, making it ideal for both residents and investors alike.

 

BUSINESS

This property has been successfully owner-operated for many years, delivering a reliable and consistent income with minimal day-to-day involvement. As a turnkey investment, it benefits from low overheads and requires very little ongoing effort, making it an ideal hands-off opportunity.

 

ACCOMMODATION COMPRISES

Entrance

Access via a quaint courtyard through a glass panelled door leading into the hallway.

 

FLAT 1

A generously sized 2 bedroom ground floor apartment featuring its own private side courtyard garden.  Both bedrooms with high ceilings are spacious and filled with natural light, thanks to large windows that each overlook the courtyards. The apartment also includes a comfortable lounge and a well-equipped kitchen with all necessary appliances. A door from the kitchen provides direct access to the private courtyard that includes a greenhouse, a flagged patio area, and low-maintenance artificial grass, perfect for easy upkeep. Neutral carpets and walls throughout.

Bedroom 1

4.76m x 4.10m

 

Bedroom 2

4.01m x 4.19

 

Lounge

3.46m x 3.97m

 

Kitchen

3.57m x 2.58m

 

FLAT 2

Located on the half-landing, the entrance opens into a narrow hallway. Throughout the flat, the flooring features a wood-effect lino. To the right, you’ll find the bathroom, which includes a shower, bathtub, WC, and wash basin. Further along the hallway is the kitchen, featuring white floor and wall cabinets, along with a freestanding fridge and cooker. At the end of the hallway is the bright and welcoming lounge, which overlooks the courtyard. From the living room, you enter the double bedroom, a light-filled space with two windows that look out onto the quiet lane at the rear of the property.

 

Kitchen

2.31m x 1.98m

 

Living room

3.34m x 2.69m

 

Bedroom

3.38m x 2.51m

 

FLAT 3

Located on the top floor, this spacious 1-bedroom apartment boasts a well-proportioned, square layout in each room and a wide, inviting hallway. Off the hallway, you’ll find a bright and airy kitchen equipped with all the essential appliances, as well as a comfortable living room featuring an electric fire, a two-seater sofa with matching chairs, a TV, and a window overlooking the courtyard. The generously sized bedroom includes an en-suite bathroom and offers ample space for a double bed, large wardrobe, chest of drawers, and additional storage.

 

Hallway

2.64m x 2.42m

 

Kitchen

2.70m x 2.58m

 

Living room

4.07m x 3.36m

 

Bedroom

4.14m x 3.89m

 

OUTSIDE

A quaint courtyard to the front of the property and a flagged courtyard garden to the side.

 

PARKING

There is ample free on-street parking available right outside the property.

 

FIXTURES AND FITTINGS

All trade fixtures and fittings (excluding the vendor’s private inventory) are included in the sale. A full inventory will be provided prior to exchange of contracts. All stock will be sold at valuation upon completion. Please note: no testing of fixtures or appliances has been undertaken by Ware Commercial.

 

SERVICES

Mains electricity, water, fibre broadband, and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.

 

BUSINESS RATES

Please check the Valuation Office Agency website (www.voa.gov.uk) for full details. The property currently qualifies for full exemption under small business rate relief.

 

TENURE

Freehold

 

VIEWINGS

All viewings strictly by appointment via Ware Commercial:

Tel: 01803 328880 or 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.