Skip to content
When you start a new chat, your current one won't be saved.

Torquay

Key features

  • Residential Investment Comprising Five Self-Contained Flats
  • Rental Income £30,711 Per Annum
  • Front Garden and Enclosed Rear Courtyard/Garden
  • Established Income Producing Residential Investment
  • Convenient Torquay Location

Description

Residential Investment Comprising Five Self-Contained Flats. Rental Income £30,711 Per Annum.

Brunswick House is an attractive and substantial period Grade II Listed property which has been converted to provide five self-contained residential flats arranged over the ground and first floors. The property presents an appealing painted façade, enhanced by shuttered sash-style windows and mature planting. It is set back from Teignmouth Road behind a front garden, with a pedestrian pathway leading to the communal entrance. Internally, the well-proportioned communal areas retain a number of attractive character features. These include a traditional tiled entrance hall, high ceilings and a central staircase providing access to the first-floor accommodation. A communal fire detection and alarm system is installed throughout the building. The accommodation is arranged as two superior one-bedroom flats on the ground floor, together with two further one-bedroom flats and a studio flat on the first floor. The individual flats provide comfortable self-contained accommodation and include their own living, kitchen and bathroom facilities.  The property is fully income-producing, with all five flats currently let and generating a combined gross rental income of £30,711.84 per annum. The spread of income across five separate units reduces reliance upon any single tenant and provides an attractive and diversified residential investment.  Externally, Brunswick House benefits from an enclosed communal rear courtyard area. Overall, Brunswick House offers an opportunity to acquire an established residential letting investment with an existing income stream, attractive period features and scope for ongoing active management and future rental growth, subject to the existing tenancy arrangements and all relevant statutory requirements. Brunswick House occupies a convenient and accessible position on Teignmouth Road, on the northern side of Torquay and close to the popular residential districts of St Marychurch and Babbacombe. St Marychurch is a well-established and sought-after district with a thriving pedestrianised shopping precinct offering a broad range of independent shops, cafés, supermarkets and everyday services. The surrounding area is well served by schools, healthcare facilities, recreational amenities and regular public transport connections. Babbacombe Downs and the renowned Babbacombe Cliff Railway are within easy reach, together with the beaches and coves of Babbacombe, Oddicombe and Watcombe. The area provides access to attractive coastal walks and the wider leisure amenities associated with the English Riviera.  Torquay town centre and harbour are readily accessible and offer a comprehensive range of shopping, hospitality and leisure facilities. Torquay also provides a railway station with connections to Newton Abbot, Exeter and the wider national rail network.  The property is well positioned for access to the South Devon Highway, providing improved road connections to Newton Abbot, Exeter and the M5 motorway. The location should therefore continue to appeal to tenants seeking convenient access to local employment, public transport, shops and the South Devon coastline.  The combination of an established residential setting, nearby amenities and good transport connections makes Brunswick House well placed as a long-term residential investment. 

ACCOMMODATION AND CURRENT INCOME

FLAT 1

Superior one-bedroom ground-floor flat.

Current rent: £535.33 per month.
Annual income: £6,423.96.

FLAT 2

Superior one-bedroom ground-floor flat.

Current rent: £535.33 per month.
Annual income: £6,423.96.

FLAT 3

First-floor studio flat.

Current rent: £476.66 per month.
Annual income: £5,719.92.

FLAT 4

One-bedroom first-floor flat.

Current rent: £517.00 per month.
Annual income: £6,204.00.

FLAT 5

One-bedroom first-floor flat.

Current rent: £495.00 per month.
Annual income: £5,940.00.

TOTAL CURRENT RENTAL INCOME

Monthly gross rental income: £2,559.32.
Annual gross rental income: £30,711.84.

OUTSIDE

Brunswick House is set behind an established front garden with a pedestrian approach to the communal entrance. To the rear is an enclosed courtyard and garden area arranged for low-maintenance communal use. The precise extent of the property and all land included in the sale should be confirmed by reference to the registered title plan.

TENANCIES

The flats are understood to be let and producing the income shown above. Copies of the tenancy agreements, rent schedule, deposit protection information and payment records will be made available to bone fide interested parties.

TENURE

Freehold.

SERVICES

Mains electricity, water, drainage, gas and heating arrangements. All flats are separately metered.

PLANNING AND LICENSING

Purchasers should satisfy themselves regarding the authorised planning use of the property and whether any property licensing requirements apply.

POSSESSION

The property is offered for sale subject to the existing residential tenancies.

COUNCIL TAX

All the flats are Band A.

EPC RATINGS

Flat 1 - Awaited.
Flat 2 - D.
Flat 3 - Awaited.
Flat 4 - D.
Flat 5 - E.

VIEWING

Strictly by prior appointment through 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

Torquay

Approximate location

Add an important place to see how long it'd take to get there from our property listings.

__mins driving to your place

Affordability

Monthly repayments£1,335
Property: £ 275,000
Deposit: £ 27,500
Interest rate: 5.04%
Term: 30 years
Powered byNatwest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
See similar nearby properties

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.

Check how much you can borrow

Whether you're buying by yourself or with someone else, you can:

  • Receive a result instantly
  • Get viewings faster with agents
  • Check with no impact on your credit score
Powered byNatwest
Two happy people looking at phone

Notes

These notes are private, only you can see them.

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 more

Disclaimer - Property reference 12907452. 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.