Under Offer

Tenanted HMO For Sale in Torquay

Torquay

£235,000 Freehold
Print this Property

A rare opportunity to acquire an 6/7-bedroom HMO which is let to a blue-chip company and returning an impressive income return without any input! The property is let on a (FRI) fully repairing and insuring lease with new terms currently being negotiated. The property has six rooms, several showers, large kitchen, utility room, large courtyard with covered area together with being ideally situated immediately on a bus route and with local amenities within a minutes’ walk. The property is presented in overall good order and is compliant to the latest statuary regulations. Early viewings are highly recommended....

LOCATION

The property is uniquely located close to all local amenities within a densely populated residential area but because of its usage also benefitting from an ideal position. All main arterial road links are on your doorstep along with a frequent bus route, and supermarkets, clothing, doctor’s surgery, hospital, Torquay town centre and sea front within walking distance. Within 10min walk is the main bus and railway station linking places like the Cathedral city of Exeter with its International airport.

 

BUSINESS

The property is let out on an FRI lease to a blue-chip company which is now being signed again with a current income of £21,840 per annum and all bills and expenses are paid by the lease holder/tenant. This presents an ideal opportunity to invest without much input and returning approx. 9/10% on your investment. Actual lease agreements, contracts and detailed trading accounts will be made available following a formal viewing

 

ACCOMMODATION

Entrance through large front door into a:

 

Porch Area with a further door to:

 

INNER HALLWAY

With turning staircase to upper floor and door to:

 

LETTING ACCOMMODATION

All rooms have singles beds together with a wardrobe, chest of draws desk and chair.

 

GROUND FLOOR

 

BEDROOM 1

3.65m x 3.55m

Double room size with window to front.

 

BEDROOM 2

3.55m x 2.99m

Double room size with window to rear.

 

BEDROOM 3

3.66m x 2.25m

Single room size with window to front. (not in use)

 

SHOWER ROOM 1

A good-sized space with a shower cubicle, low level WC and wash hand basin.

 

SHOWER ROOM 2

A good-sized space with a shower cubicle, low level WC and wash hand basin.

 

KITCHEN

3.05m x 2.80m

A good-sized kitchen with a large cooker, oven, extraction ventilation system, stainless steel sink and drainer and fridge and freezers. Also, there is ample space with an array of wall mounted and base fitted unites for general storage and for cutlery, crockery and glassware. Above the kitchen sink is a window to rear.

 

DINING AREA

2.60 x 2.10m

A lovely open space with dining table with chairs and large glazed door to rear courtyard.

 

FIRST FLOOR

BEDROOM 5

 

BEDROOM 4

4.00m x 3.65m

A double sized room with window to front.

 

BEDROOM 5

3.65m x 3.00m

A double sized room with window to rear.

 

BEDROOM 6

3.65m x 2.00

A single sized room with window to rear.

 

BEDROOM 7

3.65m x 3.00m

A double sized room with window to front.

 

INNER CORRIDOR

To the rear of the property and with doors to:

 

BATHROOM

With a bath, wash hand basin and window to rear.

 

TOILET 1

With a low-level WC and wash hand basin.

 

TOILET 2

With a low-level WC and wash hand basin.

 

OUTSIDE

To the front of the property is a wide pavement fronting Hele Road with a bus stop nearby. To the rear it benefits from a large courtyard for outside recreational usage along with a covered 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 Office Agency, telephone 03000500246 or on the Valuation Website (VOA) at www.voa.gov.uk

 

TENURE

Freehold

 

VIEWINGS

All viewings and enquiries are to be made through the agents Ware Commercial. Tel. 01803 328880 Email. info@warecommercial.com www.warecommercial.c

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.