Exceptional Turnkey HMO Investment Opportunity in Torquay

An outstanding high-yield HMO investment, perfectly positioned in a well located area of Torquay. This fully managed and fully refurbished, turnkey property comprises 4 well-maintained houses offering a total of 16 bedrooms. Boasting consistently high occupancy rates and strong rental income, this is an ideal opportunity for investors seeking excellent returns with minimal hands-on involvement.

LOCATION

This property is located on Hele Road, Torquay, within walking distance of a wide range of local amenities and just a short drive from Torquay town centre, the harbour, beaches, and marina. Torquay is one of the UK’s most popular coastal towns, offering a vibrant lifestyle and strong appeal to tenants. The area benefits from excellent transport links to Plymouth, Exeter, and beyond.

BUSINESS

This highly successful HMO is supported by a local managing agent who sources new tenants for the owner as needed. The property generates impressive income with low overheads, resulting in strong net profits and consistently high occupancy rates. Fully refurbished to a high standard in 2018, each unit benefits from a shared kitchen while offering private bathrooms for individual flats. Additionally, each flat is equipped with its own electric meter and water tank. All rooms are fully furnished.

ACCOMODATION

68A Hele Road

The property comprises 3 self-contained 1 bedroom flats, all situated on the ground floor. Each flat includes a modern bathroom and a compact kitchenette area with a fridge and cupboard storage. Residents also share access to a well-appointed communal kitchen, featuring sleek white high-gloss wall and base units, a built-in electric oven with induction hob, stainless steel sink, and washer and dryer.

70 Hele Road

Upon entering the property, a staircase leads to the first floor where 3 bedrooms are located. These rooms share access to a contemporary communal kitchen, complete with modern fitted units, stainless steel sink, a built-in cooker, and induction hob, fridge freezer and washing machine. Each bedroom benefits from its own private bathroom, featuring an electric shower, WC, and wash basin. On the second floor, there are 2 additional bedrooms, one of which has a separate private bathroom located across the corridor. Both rooms also feature compact kitchenette facilities for added convenience.

68 Hele Road

All three bedrooms are located on the ground floor and are accessed via a stylish communal kitchen, which features white high-gloss floor and wall units, a built-in oven with induction hob, fridge-freezer, and washing machine.

Room 1 overlooks Hele Road and includes a private modern shower, WC, wash basin, and a compact kitchenette.

Room 2 enjoys direct access to the courtyard, with a small kitchenette, Ensuite shower, WC and wash basin.

Room 3 is a spacious bedroom and includes a separate utility room and benefits from French doors leading directly to the courtyard.

Outside

The property fronts directly onto the pavement of Hele Road and at the rear is a courtyard for tenants to enjoy

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, 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