Torquay
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
- 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
- Freehold Block of Five Modern Apartments
- Attractive Investment with Strong Return - Gross Yield of 9.36%
- Developed in 2019, Creating a Modern Block of Rental Apartments
- All One Bedroom Apartments with Open Plan Living Layout
- Close to Torquay's Town Centre and its Various Amenities
Description
228a Union Street is situated in a central and highly convenient position in Torquay. Just a short walk from the town centre, the property benefits from easy access to a wide range of shops, cafés, restaurants and leisure amenities. Torquay’s picturesque harbourside and seafront are also nearby, enhancing its appeal to tenants and investors alike. The area is well served by local bus routes and is within reach of both Torquay and Torre railway stations, offering connections to Exeter, Newton Abbot, Plymouth and beyond. An exceptional investment opportunity comprising a freehold block of five self-contained one-bedroom apartments. Each flat has been finished to a modern standard with open plan living/kitchen areas, bathrooms and a double bedroom. The units benefit from, double glazing and good levels of natural light. The block offers an immediate income stream and was developed in 2019, meaning the fit out is still relatively new. This opportunity offers a rare chance to acquire a recently developed residential rental investment in Torquay.
ACCOMMODATION
Each of the five units comprises:
• One double bedroom
• Open plan kitchen/living space
• Modern bathroom with WC
Floor plans can be found at the end of these details.
TENURE
The freehold of the property is offered for sale, subject to the existing tenancies.
RENT SCHEDULE
UNIT RENT (PCM) RENT (PA) LENGTH OF TENURE
FLAT 1 £600 £7,200 12 Months
FLAT 2 £675 £8,100 6 Months
FLAT 3 £595 £7,140 3 Months
FLAT 4 £650 £7,800 3 Months
FLAT 5 £600 £7,200 12 Months
TOTAL £3,120 £37,440
SALE PRICE
An asking price of £400,000.
UTILITIES
Each flat has its own electricity and water meter.
Heating for each flat is via electric panel heaters.
PLANNING
Planning for the development was granted in July 2019. Details of the planning permission can be found on Torbay Council's planning portal, under reference P/2019/0505.
COUNCIL TAX
Council Tax Band: A for each apartment.
LEGAL COSTS
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC RATINGS
Flats 1, 3, 4 & 5 – C.
Flat 2 – D.
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.
- Ask agent
- 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.
- Ask agent
- 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
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Explore area BETA
Torquay
Get to know this area with AI-generated guides about local green spaces, transport links, restaurants and more.
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 12788422. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.