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4 bedroom block of apartments for sale

Abbey Road, Torquay

Withdrawn from Market £290,000

Property Description

Key features

  • Buy-to-let investment opportunity
  • 4 individual residential apartments
  • A converted period style building
  • Currently let at full capacity with A.S.T's
  • Providing a gross annual income of £24,660
  • Town centre location
  • Benefits from parking
  • Gross yield of 7.8% p.a.
  • See brochure details for dimentions and individual unit specifics
  • Call Absolute Sales and Lettings Torquay on 01803 214214 to arrange a viewing

Full description

***Calling all Buy-to-let investors***
A centrally located period style property which has been converted into 4 individual residential units providing a fantastic investment proposition.
All 4 apartments are currently let on A.S.T 's providing an annual income of £24,660 p.a. The current asking price would provide a new landlord with a 7.8% gross yield p.a.
The building is split into 3 well sized one bedroom apartments and a studio apartment with storage and off road parking.

Call Absolute Sales and Lettings for a viewing appointment. Please note as the building is fully let we will require at least 24hrs notice prior to viewing to liaise with the tenants

Apartment 1 
Lower ground floor 1 bedroom apartment accessed via the rear of the property through the kitchen diner. Has a large spacious lounge and dressing room area, shower room and back bedroom on a slightly raised level. There is allocated parking and a small courtyard space. Kitchen/Diner: 4.38m x 2.91m Lounge: 6.10m x 4.36m Dressing room: 5.28m x 4.46m Currently let on an AST @ £505pcm

Apartment 2  
A spacious ground level apartment with allocated parking to the front. Inside features an entrance hallway leading to a large open lounge with high ceilings and many charming period additions, double bedroom with storage spaces, an en-suite shower room, separate WC and a modern fitted kitchen. Lounge: 5.22m x 5.05m Bedroom: 4.46m x 3.24m kitchen: 3.19m x 2.96m Currently let on an AST @ £555pcm

Apartment 3  
A split level apartment featuring an open plan living space with a modern well proportioned fitted kitchen on the first floor and stairs which lead to a landing space used as a study to the bedroom and bathroom. Open plan living space: 4.97m x 5.22m Bedroom: 4.39m x 3.58m Currently let on an AST @ 475pcm

Apartment 4  
A first floor apartment with an open plan living space with a kitchen area, shower room and bedroom. See photos for Living area: 3.38m x 4.43m bedroom: 2.96m x 2.88m Currently let on an AST @ £520pcm

EPC and council tax band information 
Apartment 1 - EPC: D C/T band B Apartment 2 - EPC:D C/T band B Apartment 3 - EPC: E C/T band A Apartment 4 - EPC:D C/T band A

More information from this agent

Listing History

Added on Rightmove:
06 October 2016

Map & Street View

Disclaimer - Property reference 6548608. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Absolute Sales & Lettings Ltd, Torquay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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