11 bedroom property for saleHigher Woodfield Road, Torquay
Two Adjacent Grade II Listed Town Houses
Converted to form 11 Self Contained Letting Apartments
Currently producing an income of £64,937.88 per annum
Situated just a short distance from Torquay Harbour and Marina
Torbay For Investment - Property investment is all about having the right connections and Torbay is rapidly improving its links to global markets being just two and a half hours to London by train whilst links further afield are made simple by the proximity of Exeter Airport and Bristol Airport offering flights to 112 countries.
Road links to the south east are good with the M5 and A303 running straight into Exeter 20 miles from Torbay and the rapidly improving road infrastructure will soon speed up the final part of the journey with the £110,000 million South Devon Link Road due for completion in late 2015. Devon’s population is expected to increase by 12% by 2021.
The Town Of Torquay - Torquay, known as the Queen of the English Riviera, forms a large part of the conurbation of Torbay having an approximate population of 130,000. Nearby development projects include the completed Cockington Court Craft Centre, the Abbey Sands mixed use development, the Torquay Waterfront development and the proposed development of the Pavilion and Marina car park.
The Building - The property comprises two adjoining, four storey Grade II Listed terraced houses converted to form 11 letting apartments, all let on Assured Shorthold Tenancies and managed by a Local Letting Agency. The property also includes an area of land on the opposite side Higher Woodfield Road with parking and a single garage. The building is southwest facing and located within the Wellswood Conservation Area just a short distance from Torquay Harbour and Marina.
Accommodation - All of the apartments are 1 bedroomed with the exception of Flat 6 which has 2 bedrooms and extends across the entire third floor to Numbers 6 and 7 Lisburne Crescent.
All of the apartments, apart from Flat 6, have gas central heating.
The Flats have individual gas and electric with the exception of Flat 6 which is all electric.
Rents include water and there is a water meter feeding each block.
A Schedule Of The Current Monthly Rents Is Set Out - Flat 1 Ground Floor Front £433.33 per month
Flat 2 Ground Floor Rear with Courtyard £455.00 per month
Flat 3 First Floor Rear £461.50 per month
Flat 4 First Floor Front £480.00 per month
Flat 5 Second Floor Front £455.00 per month
Flat 6 Third Floor across building 6 & 7 £650.00 per month
Flat 7 Ground Floor Front with small Courtyard £455.00 per month
Flat 8 First Floor Rear with additional small bedroom/study £476.66 per month
Flat 9 First Floor Front £525.00 per month
Flat 10 Second Floor Front £500.00 per month
Flat 11 Ground Floor Rear with Small Courtyard £455.00 per month
Garage £65.00 per month
£5,411.49 per month
£64,937.88 per annum
VIEWING STRICTLY BY APPOINTMENT WITH AGENTS, IRVINE NOTT LLP. TEL: 01803 295433
These brief details should be read in conjunction with the paragraph set out below.
Irvine Nott LLP, for themselves and for the vendors or lessors of this property, note that: (i) these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract; (ii) no person in the employment of Irvine Nott LLP has any authority to make or give representation or warranty whatever in relation to this property. The fittings, equipment and services have not been tested by the agents.
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