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
- A Block of Five Separate Self-Contained Residential Flats
- 1 x 2 Bedroom Flat, 3 x 1 Bedroom Flats and a Studio Flat
- Each with their Own Parking Space & Fully Independent Utilities
- Current Income of £40,800 Per Annum with Scope for Future Rental Growth
- Very Well Presented & Well Managed Investment
Description
The Property is conveniently located on Cleveland Road in the Torre area of Torquay. This edge of town residential setting is convenient with level access to Torquay seafront approximately a quarter of a mile away. The extensive amenities of Torre (approx. ¼ of a mile) and Torquay town centre approx. ½ mile). Cleveland Road sits adjacent to Torquay's main arterial road (Newton Road), which provides nearby dual carriageway access to/from Newton Abbot, Exeter and the motorway network beyond. Torre Station is approximately 500 metres away. Wilmington is a large extended, semi detached Victorian villa, with substantial car park and garden area. Historically holiday flats, our clients remodelled and comprehensively renovated the accommodation to provide five independent, self-contained flats each with independent utility supplies and a private parking space. The investment has been particularly well managed and is well presented with a strong stable income. It is now for sale due to retirement.
GARDEN FLAT
A substantial two bedroom garden level flat with:-
Hallway, Lounge Diner, Kitchen, Utility Room, 2 Double Bedrooms and Patio Garden.
GROUND FLOOR
FLAT 1
A studio flat with:-
Kitchen/Living Area and Shower Room.
FLAT 2
A one bedroom flat with:-
Lounge, Double Bedroom, Kitchen and Shower Room.
FIRST FLOOR
FLAT 3
A one bedroom flat with:-
Lounge, Kitchen, 1 Double Bedroom, Shower Room & WC.
FLAT 4
A one bedroom flat with:-
Bedroom, En-Suite Shower Room, Kitchen and Living Room.
MANAGEMENT
The property is currently self managed by the owner landlord.
TENANCIES
Garden Flat - £975 PCM - Occupied under an AST, dated xx.
Flat 1 - £525 PCM - Occupied under an AST, dated xx.
Flat 2 - £725 PCM - Occupied under an AST, dated xx.
Flat 3 - £595 PCM - Occupied under an AST, dated xx.
Flat 4 - £580 PCM - Occupied under an AST, dated xx.
MONTHLY INCOME £3,400 (£40,800 PER ANNUM)
UTILITIES
Each flat has an independent supply of gas, water and electricity and is independently assessed for council tax. The tenants are responsible for their own utility contracts and costs.
EPC RATING'S
Garden Flat - D (Expires December 2033).
Flat 1 - C (Expires February 2035).
Flat 2 - D (Expires December 2033).
Flat 3 - C (Expires February 2035).
Flat 4 - Awaited.
LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.
VIEWING
Viewing is by appointment with the Sole 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- 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
Energy performance certificate - ask agent
Torquay
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Visit our security centre to find out moreDisclaimer - Property reference 12730125. 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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