Exceptional Turnkey HMO Investment Opportunity in Torquay
Torquay, Devon
An outstanding high-yield HMO investment, perfectly positioned in a well located area of Torquay. This fully managed and fully refurbished, turnkey property comprises 4 well-maintained houses offering a total of 16 bedrooms. Boasting consistently high occupancy rates and strong rental income, this is an ideal opportunity for investors seeking excellent returns with minimal hands-on involvement.
Location
Located on Hele Road, Torquay, the property is within walking distance of a wide range of local amenities and only a short drive from the town centre, harbour, beaches, and marina. Torquay is one of the UK’s most popular coastal towns, renowned for its vibrant lifestyle and strong tenant demand. The area also benefits from excellent transport links to Plymouth, Exeter, and beyond.
Business Overview
This successful HMO is professionally managed by a local agent who handles tenant sourcing and day-to-day operations. The property delivers impressive rental income with low operating costs, resulting in healthy net profits. Fully refurbished to a high standard in 2018, each unit features a shared kitchen and private bathrooms. Furthermore, every flat is individually equipped with its own electric meter and water tank. All rooms are fully furnished, ensuring a hassle-free, income-generating investment.
ACCOMODATION
68 Hele Road
The property comprises 3 self-contained 1 bedroom flats, all situated on the ground floor. Each flat includes a modern bathroom and a compact kitchenette area with a fridge and cupboard storage. Residents also share access to a well-appointed communal kitchen, featuring sleek white high-gloss wall and base units, a built-in electric oven with induction hob, stainless steel sink, and washer and dryer.
68a Hele Road
Upon entering the property, a staircase leads to the first floor where 3 bedrooms are located. These rooms share access to a contemporary communal kitchen, complete with modern fitted units, stainless steel sink, a built-in cooker, and induction hob, fridge freezer and washing machine. Each bedroom benefits from its own private bathroom, featuring an electric shower, WC, and wash basin. On the second floor, there are 2 additional bedrooms, one of which has a separate private bathroom located across the corridor. Both rooms also feature compact kitchenette facilities for added convenience
70 Hele Road
All three bedrooms are located on the ground floor and are accessed via a stylish communal kitchen, which features white high-gloss floor and wall units, a built-in oven with induction hob, fridge-freezer, and washing machine.
Room 1 overlooks Hele Road and includes a private modern shower, WC, wash basin, and a compact kitchenette.
Room 2 enjoys direct access to the courtyard, with a small kitchenette, Ensuite shower, WC and wash basin.
Room 3 is a spacious bedroom and includes a separate utility room and benefits from French doors leading directly to the courtyard.
Outside
The property fronts directly onto the pavement pf Hele Road and at the rear is a courtyard for tenants to enjoy.
70a Hele Road
Upon entering the property, a staircase leads to the first floor where 3 bedrooms are located. These rooms share access to a contemporary communal kitchen, complete with modern fitted units, stainless steel sink, a built-in cooker, and induction hob, fridge freezer and washing machine. Each bedroom benefits from its own private bathroom, featuring an electric shower, WC, and wash basin. On the second floor, there are 2 additional bedrooms, one of which has a separate private bathroom located across the corridor. Both rooms also feature compact kitchenette facilities for added convenience.
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, 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.
Exceptional Turnkey HMO Investment Opportunity in Torquay
Torquay
£595,000Freehold68 - 70 Hele Road, Torquay, Devon, TQ2 7PR
An outstanding high-yield HMO investment, perfectly positioned in a well located area of Torquay. This fully managed and fully refurbished, turnkey property comprises 4 well-maintained houses offering a total of 16 bedrooms. Boasting consistently high occupancy rates and strong rental income, this is an ideal opportunity for investors seeking excellent returns with minimal hands-on involvement.
Location
Located on Hele Road, Torquay, the property is within walking distance of a wide range of local amenities and only a short drive from the town centre, harbour, beaches, and marina. Torquay is one of the UK’s most popular coastal towns, renowned for its vibrant lifestyle and strong tenant demand. The area also benefits from excellent transport links to Plymouth, Exeter, and beyond.
Business Overview
This successful HMO is professionally managed by a local agent who handles tenant sourcing and day-to-day operations. The property delivers impressive rental income with low operating costs, resulting in healthy net profits. Fully refurbished to a high standard in 2018, each unit features a shared kitchen and private bathrooms. Furthermore, every flat is individually equipped with its own electric meter and water tank. All rooms are fully furnished, ensuring a hassle-free, income-generating investment.
ACCOMODATION
68 Hele Road
The property comprises 3 self-contained 1 bedroom flats, all situated on the ground floor. Each flat includes a modern bathroom and a compact kitchenette area with a fridge and cupboard storage. Residents also share access to a well-appointed communal kitchen, featuring sleek white high-gloss wall and base units, a built-in electric oven with induction hob, stainless steel sink, and washer and dryer.
68a Hele Road
Upon entering the property, a staircase leads to the first floor where 3 bedrooms are located. These rooms share access to a contemporary communal kitchen, complete with modern fitted units, stainless steel sink, a built-in cooker, and induction hob, fridge freezer and washing machine. Each bedroom benefits from its own private bathroom, featuring an electric shower, WC, and wash basin. On the second floor, there are 2 additional bedrooms, one of which has a separate private bathroom located across the corridor. Both rooms also feature compact kitchenette facilities for added convenience
70 Hele Road
All three bedrooms are located on the ground floor and are accessed via a stylish communal kitchen, which features white high-gloss floor and wall units, a built-in oven with induction hob, fridge-freezer, and washing machine.
Room 1 overlooks Hele Road and includes a private modern shower, WC, wash basin, and a compact kitchenette.
Room 2 enjoys direct access to the courtyard, with a small kitchenette, Ensuite shower, WC and wash basin.
Room 3 is a spacious bedroom and includes a separate utility room and benefits from French doors leading directly to the courtyard.
Outside
The property fronts directly onto the pavement pf Hele Road and at the rear is a courtyard for tenants to enjoy.
70a Hele Road
Upon entering the property, a staircase leads to the first floor where 3 bedrooms are located. These rooms share access to a contemporary communal kitchen, complete with modern fitted units, stainless steel sink, a built-in cooker, and induction hob, fridge freezer and washing machine. Each bedroom benefits from its own private bathroom, featuring an electric shower, WC, and wash basin. On the second floor, there are 2 additional bedrooms, one of which has a separate private bathroom located across the corridor. Both rooms also feature compact kitchenette facilities for added convenience.
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, 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.