A Turnkey Investment Opportunity in Torquay

An impressive period property comprising of five generously sized, self-contained residential flats, all currently let under assured short hold tenancy agreements (One of the apartments is currently being formalised with the planning department after over ten years of continuous use). This well-maintained investment has been successfully operated for many years, consistently delivering a strong rental income. Each flat offers spacious bedrooms, comfortable living areas, and access to a garden.

LOCATION

It is ideally located on Abbey Road, just a short walk from Torquay's vibrant town centre, picturesque seafront, and convenient rail and bus links. A multi-storey car park is also situated on the same road, providing excellent parking options for residents and visitors.

BUSINESS

This property has been successfully owner operated for several years, together with a local agent who, when required obtains new tenants for the owner. The property offers an appealing opportunity for investors seeking a well-established, high-yield rental asset in a prime central location.

ACCOMMODATION COMPRISES

Entrance through a large wooden feature door with glass to:

Large communal hallway, landlords store room, staircase a under stairs storage.

Flat 1

473 sq ft

Situated on the second floor, this bright and generously proportioned flat features a bedroom, kitchen, bathroom, and a lounge with views over the rear garden. The lounge benefits from an abundance of natural light, enhanced by dual aspect windows.

Flat 2

602 sq ft

A well-proportioned two-bedroom apartment. Located on the first floor featuring a welcoming lounge with an original fireplace, leading into a modern kitchen fitted with white wall and base units, an integrated oven with induction hob, fridge freezer, and a stainless steel sink with drainer. The flat also includes a bathroom and a convenient built-in storage cupboard.

Flat 3

355 sq ft

Accessed via the main entrance on the ground floor, this one-bedroom, L-shaped apartment offers well-arranged accommodation comprising a lounge, kitchen, bedroom, and bathroom. This flat offers the potential to be converted into a two bedrooms by incorporating the landlords storage room as a second bedroom.

Flat 4

226 sq ft

Accessed via the communal hallway and leading to a side courtyard, this one-bedroom apartment features an entrance hall, an open-plan kitchen/living area, and a bathroom.

Flat 5

Accessed through the communal hallway and side courtyard, this one bedroom apartment features an open plan kitchen and living area and benefits from a lawned garden to the rear.

OUTSIDE

To the rear, a generously proportioned, tiered lawned garden incorporates an seating area, while the front of the property boasts a well-maintained lawned garden.

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