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Detached house for sale

Third Drive, Teignmouth

£749,950

Property Description

Full description

Tenure: Freehold


LOCATION
In a popular residential area of this resort Inglewood is within walking distance of all the Town centre amenities. Teignmouth is an attractive Victorian coastal resort located in South Devon 15 miles from Exeter and approximately 9 miles from Torquay. The nearest market town is Newton Abbot which is some 5 miles distance. Both Teignmouth and Newton Abbot benefit from main line railway stations and the City of Plymouth is some 35 miles away approximately. The Town has a comprehensive range of facilities including tourist amenities and shops.

DIRECTIONS TO FIND
From the M5 Motorway travel south continuing on the A38/A380 junction follow the sign for Torquay continue up Telegraph Hill and after some distance take the exit for Teignmouth. On approaching the outskirts of the Town travelling down Exeter Road continue past New Road on the left, continue (passing underneath the road footbridge) and turn Right into Landscore Road. Thereafter continue and take the second turning on the right into Third Drive. Inglewood can be found on the left hand side.

THE PROPERTY
The property is an enlarged detached residence originally operating as a 23 bedroom Hotel. Our clients acquired the property about 15 years ago and have over the years developed the property into a home and income providing a very pleasant 5/6 bedroom family home and in the adjoining wing 5 self-contained apartments as well as a garden apartment. Therefore there are 6 self-contained apartments all let on short tenancy agreements providing a lucrative income of 30,000 per annum.

The private quarters provide surprisingly spacious accommodation with 2 reception rooms, private office, fitted kitchen and utility room and cloakroom on the ground floor and 6 bedrooms on the first floor. The property is used as a private residence at the moment but a discerning purchaser could quite easily adapt the property to Bed and Breakfast accommodation thereby increasing income further.

Our client advises us that the building was converted about 3 years ago when the new stairwell was built to give residents their own entrance. At this time the part of the roof, over the flats, was Triflexed and holds a 20 year guarantee. Also fire regulations were updated and change of usage was granted. Approximately 7 years ago the flats were re-wired and plumbing replaced. The main house had the roof re-slated approximately 15 years ago and over recent years the property itself has been upgraded and maintained to a good standard with double glazing, gas fired central heating. Outside there are good sized level gardens with workshops, store sheds and 9 parking spaces.

From the upper levels of the property glimpses of the sea, estuary and surrounding area.

SCHEDULE OF RENTAL INCOME
Flat 1 - 391.00 (4 weekly)
Flat 2 - 426.00 (per calendar month)
Flat 3 - 384.00 (4 weekly)
Flat 4 - 423.00 (per calendar month)
Flat 5 - 75.00 (per week)
Flat 6 - 413.92 (per calendar month)

Flat 6 is the Garden Flat.

It should be noted that the current owners provide cookers, carpets and curtains and a full fire alarm is installed together with individual smoke alarms, gas fired central heating and UPVC double glazing. The tenants provide their own furnishings.

The accommodation briefly comprises:
MAIN RESIDENCE GROUND FLOOR

ENTRANCE CONSERVATORY 20'9" x 9'2" (6.32m x 2.8m). With triple aspect windows and doorway to

ENTRANCE HALL    With radiator, ornate cornicing to ceiling.

OFFICE 11'3" x 10'6" (3.43m x 3.2m). Feature fireplace, radiator, double glazed window.

PRIVATE LOUNGE 14'8" (4.47m) x 18' (5.49m) into double glazed bay window. Fireplace, 2 radiators, original decorative cornicing, views over the garden.

DINING ROOM 15'4" (4.67m) x 18' (5.49m) into bay window. 2 radiators, double glazed window, original decorative cornicing, views over garden.

OFF ENTRANCE HALL    Rear inner lobby with cloakroom.

KITCHEN 12'7" x 12'5" (3.84m x 3.78m). Single drainer double bowl stainless steel sink unit, mixer tap, range of cupboards, range of laminated work surfaces with cupboards and drawers over, fitted oven with canopy over, walk-in larder, door to cellar/office and door to

REAR INNER HALLWAY    With doorway to

REAR ENTRANCE HALL    With part glazed door to outside. Walk-in cupboard off hallway and from hallway door to

CELLAR/OFFICE    Door to old tap room off suitable storage area.

BOILER ROOM/CLOAKROOM 11'3" x 7' (3.43m x 2.13m). With low level toilet, double bowl single drainer sink unit (hot and cold), 3 wall mounted gas fired central heating boilers.

MAIN ENTRANCE HALL    Staircase to

FIRST FLOOR HALF LANDING

BEDROOM 6 11'11" x 11'1" (3.63m x 3.38m). Radiator, double glazed window

EN-SUITE SHOWER ROOM/WC 6'2" x 11'6" (1.88m x 3.5m). Double glazed window, wash handbasin, shower cubicle, low level toilet, radiator.

MAIN LANDING

BATHROOM/WC 11' x 10'7" (3.35m x 3.23m). Roll top bath, archway to Shower Room with shower cubicle, low level toilet, pedestal wash handbasin, radiator.

BEDROOM 5 14'3" (4.34m) x 15'4" (4.67m) into bay window. Double glazed window, radiator, views over the garden and town with sea beyond.

BEDROOM 4 15'4" (4.67m) x 16'9" (5.1m) into bay window. Double glazed window, radiator, views.

BEDROOM 3 14'10" (4.52m) x 13'5" (4.1m) into bay window. Double glazed window, radiator, sea glimpses.

BEDROOM 2 6' (1.83m) x 6'7" (2m) excluding lobby. Double glazed window.

BEDROOM 1 12'5" x 12'2" (3.78m x 3.7m). Double glazed window, radiator, glimpses of the estuary and Town.

INNER LANDING    Radiator.

SHOWER ROOM/WC    Double glazed window.

OUTSIDE    On the right hand side of the property facing from the road there is a 3 storey rear extension providing, on the ground floor, 2 self-contained apartments comprising 1 bed sit and 1 flat to the rear. On the first floor there is a further apartment (Flat 3), on the second floor there are 2 further flats (numbers 1 & 2). The Garden Apartment is beyond the private quarters. There is a mature level lawned garden and forecourt parking for 9 vehicles.

SERVICES    Mains water, electric, gas.

RATEABLE VALUE    Main residential unit - Band D 1,538.51 per annum All Flats                     - Band A 1,250.68 per annum

VIEWING    Strictly by appointment through the selling Agents.



More information from this agent

To view this property or request more details, contact:

Webbers Property Services, Barnstaple

39-41 Boutport Street, Barnstaple, North Devon, EX31 1SA

01271 309478 Local call rate

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