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Torquay

Key features

  • Freehold Terraced Block Comprising 3 Self-Contained Flats
  • Configured as Studio Holiday Let, 2 Bed Flat, and 2 Bed Maisonette
  • Maintained to a High Standard Since Development in 2020
  • Established Holiday Let Business with Airbnb and Booking.com Presence
  • Strong Alternative Potential for Long-Term Residential Lettings

Description

Freehold Terrace Block Comprising 3 Self-Contained Flats. Configured as Studio Holiday Let, 2 Bed Flat & 2 Bed Maisonette.

The property is situated within a prominent and highly desirable position at the lower end of Torquay town centre, close to the harbourside and seafront. This area is particularly popular with tourists due to its proximity to local attractions, restaurants, beaches and coastal walks. Its central yet leisure-focused setting makes it ideally suited for continued use as holiday accommodation, benefiting from strong seasonal demand and year-round visitor appeal. Additionally, the location is equally attractive for the residential lettings market, appealing to tenants seeking convenient access to amenities and transport links. The property comprises a terraced freehold arranged as three self-contained flats. The accommodation includes a ground floor studio flat (restricted to holiday use), a first-floor two-bedroom flat, and a spacious two-bedroom maisonette arranged over the upper floors.  Originally developed in 2020, the property has since undergone further improvements and refurbishment, resulting in a high-quality finish across all units. The interiors are well presented, modern, and designed to suit both short-term and longer-term occupation.  The property is currently operated primarily as a holiday let investment, with established bookings via Airbnb and Booking.com. This provides an attractive opportunity for an incoming purchaser to continue trading immediately. Alternatively, the standard of accommodation would support a transition to permanent residential lettings, with strong demand anticipated due to the quality of finish and central coastal location. Externally, the ground floor studio benefits from a small private courtyard area, while Flat 2 enjoys a sun deck accessed from the master bedroom. A communal hallway provides access to all units and includes a designated bin storage area. 

ENTRANCE LOBBY

Doors leading to:

STORAGE ROOM/ BIN STORE

STUDIO

16' 1'' x 26' 3'' (4.90m x 8.00m) (max)

Open plan layout, entering from the front door into the kitchen/ living area with step up into the bedroom area. Ensuite shower room. A door in the bedroom area leads to an external private courtyard area.

FLAT 1

HALLWAY

With doors leading to:-

BEDROOM

10' 11'' x 7' 5'' (3.32m x 2.27m) (max)

With built in storage cupboard.

BEDROOM

12' 4'' x 9' 4'' (3.75m x 2.84m)

AIRING CUPBOARD

Housing a hot water tank with electric immersion heater.

LOUNGE/KITCHEN

28' 11'' x 14' 4'' (8.82m x 4.38m)

'L' shaped with a fitted kitchen, including cupboard and drawer units, matching wall mounted cupboards, an electric oven, 4 ring electric hob with extraction hood above and inset stainless steel sink with mixer tap.

BATHROOM

6' 9'' x 5' 4'' (2.06m x 1.63m)

With fitted WC, sink and bath with shower over.

FLAT 2

KITCHEN

16' 0'' x 11' 4'' (4.87m x 3.46m) (max)

With a fitted kitchen, including cupboard and drawer units, matching wall mounted cupboards, an electric oven, 4 ring electric hob with extraction hood above and inset stainless steel sink with mixer tap.

There are two good sized storage cupboards in the kitchen, one of which houses the hot water tank with electric immersion heater.

LOUNGE

16' 10'' x 9' 5'' (5.13m x 2.87m)

Stairs lead from hallway to:-

BEDROOM

10' 3'' x 9' 8'' (3.12m x 2.94m)

Double doors leading onto private timber laid balcony.

BEDROOM

9' 11'' x 7' 9'' (3.02m x 2.36m)

BATHROOM

6' 10'' x 4' 7'' (2.09m x 1.39m)

With fitted WC, sink and electric shower.

TENURE

Freehold.

The property is held freehold with two separate 999-year leasehold titles in place for Flat 1 and Flat 2. The studio flat is retained within the freehold title and is subject to planning restriction for holiday let use only.

UTILITIES

The property benefits from double glazing throughout, mains water and drainage, and electric panel heating.

ASKING PRICE

£299,000

EPC RATINGS

Flat 1 – D
Flat 2 – E
Studio – Awaited

BUSINESS RATES

We are informed that the studio flat is assessed for business rates and is currently eligible for 100% Small Business Rates Relief.

COUNCIL TAX

Flat 1 – Band A
Flat 2 – Band A

LEGAL COSTS

Each party will be responsible for their own legal costs unless expressly agreed otherwise.

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.
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.
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About Bettesworths, Devon

221 St Marychurch Road, Torquay, Devon, TQ1 4NB

Bettesworths is an independent family business, owned and run by the third generation Chartered Surveyor Directors, Matt & Paul.

We have an experienced team, highly skilled and expert in delivering a broad range of services to clients looking for the very best results.

Our breadth of experience across all property sectors, the depth of our day to day involvement and our technical knowledge gives Bettesworths an unrivalled platform from which to provide advice to meet our clients’ needs.

Our clients range from private individual property owners and occupiers to PLC institutions. We ensure each and every one is best supported with a service with which to meet the challenges and changes in the market and their own circumstances.

We offer free initial consultations without obligation, so please contact a member of our team to discuss your requirements.

Affordability

Monthly repayments£1,500
Property: £ 299,000
Deposit: £ 29,900
Interest rate: 5.33%
Term: 30 years
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Disclaimer - Property reference 12851680. 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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