An Ideal, turn key HMO for sale

This well-located HMO is now available for sale, comprising 8 bedrooms split into two individual units (Ground Floor & First Floor). This reluctant sale is due to the owner retiring and spending more time abroad. The HMO has been successfully operated for many years, generating a strong income. It offers spacious reception areas and a generous outdoor space at the rear. Conveniently situated within a few minutes' walk of the town centre, seafront, and all local amenities, the property presents a fantastic investment opportunity. While it currently runs smoothly with many long-term residents and minimal tenant turnover, some improvements and TLC could further enhance its business potential and rental value. 

LOCATION

The property is located on Babbacombe Road, Torquay, Devon, at the heart of this bustling seaside resort. It enjoys an ideal position, just a short walk from the town centre, seafront, and all local amenities. The train and bus stations are also within walking distance, providing excellent transport connections throughout the Southwest, as well as to Exeter International Airport.

BUSINESS

This business has been successfully owner-operated for over 20 years and is now being sold. It has provided a stable income with minimal involvement required. However, our agents believe there is significant potential to expand the business by upgrading the property, which would increase both rental income and demand. Trading accounts will be made available following a formal viewing.

ACCOMMODATION

Entrance
Accessed via a pavement entrance through a large, solid timber door.

UNIT 1 (GROUND FLOOR)

Hallway:
A spacious hallway with a turning staircase leading to the upper floor, under-stairs storage, and access to:

Kitchen:
A well-proportioned kitchen featuring an array of wall-mounted and base-fitted units, an inset single stainless-steel sink and drainer, a four-ring gas hob, an inset oven, refrigeration units, and all necessary equipment for tenants' meal preparation.

Bathroom:
Comprising a shower, WC, and hand wash basin. At the far end, a door leads to the rear courtyard, where a wall-mounted gas boiler (boxed in and secured under lock and key) provides central heating and hot water for the entire premises.

Bedrooms:
Four generously sized individual bedrooms with windows overlooking either the front or rear of the property

UNIT 2 (FIRST FLOOR)

Kitchen:
A spacious kitchen equipped with an array of wall-mounted and base-fitted units, an inset single stainless-steel sink and drainer, a four-ring gas cooker with an oven, refrigeration units, and all essential appliances for tenants' convenience.

Bathroom:
One room contains a shower and sink, while a separate room houses the WC and hand wash basin.

Bedrooms:
Four well-sized individual bedrooms, each with windows facing either the front or rear of the property.

OUTSIDE

The property fronts directly onto the pavement of Babbacombe Road. To the rear, there is a good-sized courtyard used by tenants for drying clothes, along with a seating area.

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, gas, 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: [email protected]

Website: www.warecommercial.com