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Teignmouth

FLOOR PLAN
1

Key features

  • Attractive Period Block of 8 Flats
  • Arranged Over 6 Storeys with Original Period Features
  • Current Gross Rental Income of £49,300 Per Annum
  • Comprising 7x One-Bed Flats & 1x Two-Bed Flat
  • Scope to Add Value Via Refurbishment, Rent Increases & Potential Title Split

Description

Attractive Period Block of 8 Flats. Arranged Over 6 Storeys with Original Period Features.

Belvic Court occupies a prime, elevated position on Orchard Gardens, a residential road in the heart of Teignmouth. The property is within the town centre, with close proximity to the seafront promenade, and train station, making it highly attractive to tenants. Teignmouth is a thriving coastal town on the South Devon coast, popular with both residents and tourists due to its beaches, local amenities, and strong transport links including direct rail services to Exeter and London Paddington.This location would particularly appeal to investors looking to attract long-term tenants, young professionals, or those exploring holiday lets subject to necessary consents. Belvic Court is an early 20th century block of eight self-contained flats arranged over six floors. The property retains many elegant features including ornate plasterwork, wide staircases, and high ceilings. The configuration includes seven one-bedroom flats and one two-bedroom flat, with access via a communal hallway and stairwell.  Externally, the front elevation has recently undergone repainting and is in good condition. There is a private garden and access pathway to the rear, where a modern detached brick-built unit (housing two of the flats) is located. While the flats are generally in lettable condition, several would benefit from modernisation, presenting a strong opportunity to uplift rental values. All units have separate electric meters, with a mix of water meters and water rates.

ACCOMMODATION

The accommodation is arranged:

FLAT 1 – BASEMENT

A 1 bedroom flat. Accessed via external stairs at front of the property.

LOBBY & COMMUNAL HALLWAY

With original staircase leading up to the top floor.

FLAT 2 – GROUND FLOOR

A 1 bedroom flat with bay window at front.

FLAT 4 – GROUND FLOOR

A 1 bedroom flat, located at the rear of the property and accessed via the rear garden.

FLAT 5 – FIRST FLOOR

A 1 bedroom flat, located at the front of the property and benefitting from a bay window.

FLAT 7 – FIRST FLOOR

A 2-bedroom flat, located at the rear of the property.

FLAT 8 – SECOND FLOOR

A 1 bedroom flat, located at the front of the property.

FLAT 9 – THIRD FLOOR

A 1 bedroom flat, located at the front of the property, with sea glimpses.

FLAT 10 – FOURTH FLOOR

A 1 bedroom flat, located at the front of the property, with sea views.

TENURE

Freehold, subject to existing residential tenancy agreements. The flats are let to a mix of long-term tenants, with rents understood to be historically low, presenting potential for future uplift.

RENT SCHEDULE

The property generates a gross rental income of approximately £49,300 per annum. There is opportunity to increase this through refurbishment and reletting at market rates.

FLAT RENT (PCM) RENT (PA) LENGTH OF TENANCY
FLAT 1 - £560 pcm - £6,720 pa - 8 Years.
FLAT 2 - £498.33 pcm - £5,980 pa - 25+ Years.
FLAT 4 - £500 pcm - £6,000 pa - 8 Years.
FLAT 5 - £480 pcm - £5,760 pa - 25+ Years.
FLAT 7 - £515 pcm - £6,180 pa - 12 Years.
FLAT 8 - £515 pcm - £6,180 pa - 8 Years.
FLAT 9 - £520 pcm - £6,240 pa - 25+ Years.
FLAT 10 - £520 pcm - £6,240 pa - 25+ Years.

ASKING PRICE

£800,000 exclusive.

EPC RATINGS

Flats 1, 8 & 9 – E.
Flats 2 & 10 – E.
Flats 4, 5 & 7 – C.

COUNCIL TAX

Each flat is individually banded for Council Tax purposes and tenants are responsible for their own council tax bills.

LEGAL COSTS

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

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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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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.
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About Bettesworths, Devon

Fleet Street, Torquay, TQ1 1BB

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.

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Disclaimer - Property reference 12735788. 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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