Under Offer

HMO in Newton Abbot

Newton Abbot, Devon

£395,000Freehold
88 Torquay RoadNewton AbbotDevonTQ12 2HYView Map

A fantastic opportunity to acquire a 6-bedroom HMO investment which returns an impressive gross income of £36,000 per annum with very little input. With six letting rooms, most en-suite, large kitchen, utility room, large courtyard with parking. Ideally situated in the town centre with bus route, train station and local amenities within a minutes’ walk. The property is presented in overall good order, having UPVC double glazing, new boiler, CCTV system and is compliant to the latest statuary regulations. Early viewings are highly recommended....

LOCATION

The property is uniquely located within a densely populated residential area close to all local amenities. All main arterial road links are on the doorstep along with a frequent bus route, train station and supermarkets, clothing, doctor’s surgery, hospital and Newton Abbott town centre is only a minutes’ walk away. Conveniently located to commute to both Torquay and the Cathedral city of Exeter with its International airport, M5 motorway and direct railway line to London.

BUSINESS

The property is let out on an AST agreement and most tenants have been there for many years because of the quality accommodation on offer and our client receives additional demand on a weekly basis.

Currently returning an impressive gross profit of approx. £36,000 per annum. Actual AST agreements/contracts and detailed trading accounts will be made available following a formal viewing.

ACCOMMODATION

Entrance through large front door into:

INNER HALLWAY

With turning staircase to upper floor and door to:

LETTING ACCOMMODATION

GROUND FLOOR

ROOM 1

A double room with window to front and an en-suite comprising of shower, low level WC and wash hand basin.

ROOM 2

A double room with window to rear and an en-suite comprising of shower, low level WC and wash hand basin.

KITCHEN

A large well-equipped kitchen with an array of wall and base fitted units with inset sink and drainer, cooker, oven, toasters, microwave ovens and a communal dining area. Also, within the kitchen is a commercially installed pay-as-you-go washer and separate tumble dryer. There is a window and door to rear.

1st FLOOR

ROOM 3

A double room with window to rear and with separate bathroom.

ROOM 4

A double room with window to rear and an en-suite comprising of shower, low level WC and wash hand basin.

ROOM 5

A double room with window to front and an en-suite comprising of shower, low level WC and wash hand basin.

ROOM 6

A double room with window to front and with separate bathroom.

BATHROOM

This bathroom comprises of a shower, low level WC and wash hand basin, this bathroom is only used by rooms 3 & 6.

OUTSIDE

To the front of the property is a wide pavement fronting Torquay road with a smaller enclosed courtyard and a bus stop nearby. To the rear is a large courtyard for outside recreational usage along with parking for two vehicles and storage space.

SERVICES

We are advised that all services are connected, but Ware Commercial have not carried out any testing of services to this property. Free WiFi is available throughout the property for all tenants.

RATEABLE VALUE

Please make your own enquiries on the local Valuation Website (VOA) at Valuation Office Agency

TENURE

Freehold

VIEWINGS

All viewings and enquiries to be made through the agents Ware Commercial

Tel: 01803 328880

Email: [email protected]

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.