HMO for sale in Torquay

Torquay

£255,000 Freehold

A well located 8-bedroom HMO for sale, which has been successfully operated for many years and now being sold because of retirement of the owners. This property generates a good income together with spacious reception areas, large outside area to rear with parking and this located within minutes’ walk to town centre, seafront and all local amenities. Whilst the property runs well with many long-term residents but would be in need of some TLC which would further improve the business. Early viewings are recommended.

LOCATION

The HMO is located on Bampfylde Road which is situated in the very heart of the all year busy seaside resort of Torquay. This is ideally located within minutes’ walk to town centre, seafront and all local amenities. There are two train station and a bus station within a 5 min walk which connects to all parts of the South West and Exeter its International airport.

BUSINESS

This business has been successfully owner operated for over 10 years and is now being sold because of retirement. It has afforded our client a good income with very little input but we the agents feel there is tremendous scope to expand on this by upgrading throughout which would reflect on unit income and demand. Actual trading accounts will be made available following a formal viewing.

ACCOMMODATION

Entrance over a pavement through a part glazed door to:

HALLWAY

A spacious hallway with turning staircase to upper floor, under stairs storage, wall mounted fire alarm system and door to:

KITCHEN 1

4.11m x 3.07m

A lovely large kitchen with an array of wall mounted and base fitted units with inset single stainless-steel sink and drainer, four ring gas cooker, oven & extraction canopy over, two microwave ovens, two microwave ovens, island counter, dishwasher, wall mounted gas central heating boiler.

DINING AREA

3.48m x 2.70m

This area is situated directly off the kitchen and has a large table and chairs, sofa and glazed patio doors to rear making this space bright and airy.

KITCHEN 2

4.76m x 3.15m

This is the secondary kitchen and benefits from array of wall and base fitted units with inset single stainless-steel sink & drainer, four ring gas cooker and oven, washing machine, tumble dryer, three upright fridge freezers, built-in general storage cupboard, wall mounted gas central heating boiler and window and glazed door to large garden / carpark.

LETTING ACCOMMODATION

 

GROUND FLOOR

ROOM 1

A double room with window to front.

ROOM 2

A double room with wash hand basin and window to rear.

1st FLOOR ½ LANDING

BATHROOM

A large bathroom which benefits from a bath, separate shower, low level WC, storage cupboard housing the hot water boiler, wash hand basin and window to side.

TOILET

With low level WC.

1st FLOOR

ROOM 3

A double room with En-suite comprising of shower, WC, wash hand basin and window to rear.

ROOM 4

A double room with wash hand basin and window to front.

ROOM 5

A single room with sink and window to front.

2nd FLOOR
ROOM 6

A double room with wash hand basin and window to rear.

ROOM 7

A double room with wash hand basin and window to front.

ROOM 8

A single room with window to front.

SHOWER ROOM

With shower and low-level WC.

OUTSIDE

The property to front leads directly out on to a pavement of Bampfylde Road and to the rear is a large courtyard which can easily accommodate a large vehicle together with seating area and storage shed for general usage. There are wrought iron gates which lead to a service lane with both vehicle and pedestrian access.

FIXTURES & FITTINGS

A full inventory comprising of trade fixtures, fittings and equipment with the exception of vendor’s private inventory which will be included in this freehold sale.  Full inventory will be provided prior to exchange of contracts

UTILITIES

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 valuations website (VOA) at www.voa.gov.uk

LEGAL FEES

Each party to be responsible for their own legal cost in connection with the sale/purchase of this property.

 

TENURE

Freehold

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.