Trinity Mews, Meadfoot Lane, Torquay
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
2
- SIZE
657 sq ft
61 sq m
Key features
- Close to the Harbour
- Convenient Location
- Ensuite Shower
- Excellent Investment
- Great Condition
- Holiday Letting Permitted
- NO CHAIN
- Huge Loft Space
Description
The accommodation comprises of a living room, kitchen two bedrooms, bathroom and ensuite shower.
Explore the vibrant local community, with quaint shops, waterfront restaurants, and recreational activities just a stone's throw away. Whether you're looking for a serene retreat or an investment opportunity, this apartment offers the best of both worlds.
Fantastic investment property with an average gross yield of 19.7% over the last 2 years.
Perfectly situated investment property currently used as a holiday let & winter let within walking distance of Torquay harbourside. Producing a gross revenue of £42,975 in 2021-2022 & gross yield of 22.6%. Gross revenue of £31,849 in 2022-2023 and yield of 16.7%.
Council Tax Band: b
Tenure: Leasehold
Access
Enter via a lovely stable style door giving access to a lounge/dining room.
Lounge/diner
15.1ft x 16.3ft
Has a double glazed window to the front aspect and original sash style window to the rear, laminate flooring, TV and telephone points, radiator, door to inner hallway and steps down to the kitchen.
Kitchen
4.4ft x 11.4ft
Has matching wall and base level work units with roll top Granite work surfaces, stainless steel sink and drainer with mixer tap, built in electric oven with four ring gas hob with cooker hood above, built in fridge, appliance space for washing machine, part tiled walls, tiled flooring, wall mounted Baxi combi boiler, two glazed windows to the rear aspect.
Inner Hallway
Which gives access to the bedrooms and bathroom, glazed original sash window, carpet flooring and radiator.
Bedroom 2
11.6ft x 7.4ft
Double glazed window to the front aspect, carpet flooring and radiator. This room also benefits from loft access.
Bedroom 1
8.5ft x 11.1ft
Double glazed window to the front aspect, carpet flooring, radiator and door to the ensuite shower room.
Ensuite shower room
Low level wc, pedestal wash hand basin with mixer tap, shower cubicle, chrome ladder style heated towel rail, shaver point, double glazed window to the front aspect, extractor fan, fully tiled walls and flooring.
Bathroom
A three piece suite comprising of a pedestal wash hand basin with mixer tap, panel enclosed bath with taps and shower, low level wc, chrome ladder style heated towel rail, fully tiled walls and flooring and sash window to the rear aspect.
Agency Notes
The already established business is managed by the current owners who run a well established, successful holiday/winter rental company. This property could be purchased and run as it currently does under the management of the same company on behalf of the purchaser.
Agency Notes
lease 125 years from 2006
ground rent 50 per year
service charge 1008 per year
Brochures
BrochureTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
Trinity Mews, Meadfoot Lane, Torquay
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Torquay Station1.0 miles
- Torre Station1.4 miles
- Paignton Station2.6 miles
About the agent
Pegg Estates, Torquay
6 Market Street Torquay TQ1 3AQ
The Pegg Estates Group was founded by our Director Ben in order to promote a new bespoke service to home movers in Torbay. Having formed in August 2020 we have quickly become an agent of choice in the area. So much so we have branched out to also cover the Exeter area with Butt Estates ran by Nathan Butt. A local Estate Agency with a big personality, we combine traditional methods with new innovative technologies to provide you with an exceptional level of service at real value.
Industry affiliations
Notes
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