Torquay
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity of Two Self Contained Flats
- Arranged as 1x 2-Bed Flat & 1x 1-Bed Flat
- Generating a Gross Rental Income of £13,675p.a.
- Two Established Tenants – Keen to Remain in Occupation
- Established Investment Opportunity - Viewing Recommended
Description
Hele Road is a well-established residential area in Torquay, providing easy access to local amenities, schools and transport links. The area is served by a variety of shops and supermarkets, with convenient access to The Willows and nearby retail parks. Excellent transport links via the A3022 connect to Newton Abbot, Exeter and beyond, while Torbay Hospital is within walking distance.The property is a well-established investment, arranged as two self-contained flats. The ground floor flat is arranged as a 1-bedroom, whilst the first floor flat is arranged as a 2-bedroom. The property benefits from a garden at the rear which both tenants currently share and maintain together. Both flats are let to established tenants of over 5 years, on 12-month ASTs, with both tenants keen to stay on into the future. Both flats are kept clean and tidy by the tenants and the landlord has maintained the fabric of the property. Currently generating a gross rental income of £13,675 per annum, this is an excellent opportunity to acquire a well maintained and high return residential investment.
GROUND FLOOR FLAT
Entrance from the front of the property leading to:
HALLWAY
Newly carpeted and with doors to:-
LOUNGE
13' 1'' x 11' 8'' (4.00m x 3.56m)
BEDROOM
10' 8'' x 10' 0'' (3.26m x 3.04m)
EN-SUITE SHOWER ROOM
10' 8'' x 2' 11'' (3.26m x 0.90m)
KITCHEN
9' 3'' x 6' 7'' (2.83m x 2.00m)
With door to the rear garden.
FIRST FLOOR FLAT
Accessed via the rear garden and up an external metal staircase. Newly Carpeted.
HALLWAY
With cupboard housing boiler.
BATHROOM
7' 3'' x 3' 5'' (2.21m x 1.03m)
KITCHEN
15' 4'' x 6' 6'' (4.67m x 1.99m)
LOUNGE
11' 7'' x 10' 8'' (3.53m x 3.26m)
BEDROOM
10' 11'' x 10' 4'' (3.32m x 3.14m)
BEDROOM
8' 6'' x 7' 7'' (2.59m x 2.31m)
UTILITIES
The ground floor flat is connected to electric, water and mains drainage. The flat is heated by electric storage heaters.
The first floor flat is connected to electric, gas, water and mains drainage. The flat is heated by gas central heating.
TENURE
Offered for sale Freehold, subject to the ASTs of the residential tenants.
PRICE
An asking price of £150,000.
COUNCIL TAX
Both flats are rated band A for council tax. Each tenant pays their own.
EPC RATING
Ground Floor – D.
First Floor – C.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Brochures
Property BrochureFull Details- 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 11946126. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 Bettesworths, Devon. 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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