Block of Apartments for sale

Torquay

Under Offer £350,000

Property Description

Key features

  • A Substantial Victorian Villa Arranged as Five Apartments
  • Spacious Ground Floor 2 Bed Flat, 4 One Bed Flats on First & Second Floors
  • Each Fully Self Contained with Separate Electric Server & Gas Central Heating
  • Well Maintained Building with Fire Dorm System, Good Sized Plot with Parking
  • Gross Rental Income (Currently Fully Let) 28,660 Per Annum

Full description

A substantial Victorian Semi-Detached property which is arranged as five self-contained apartments. The property is situated in a convenient and central residential location on St. Efrides Road a quiet residential street yet close to the town centre, district shopping parade at Lucius Street, the sea front and other amenities. 5 St. Efrides Road is arranged as five fully self-contained flats, each of which has its own gas and electricity supply and individual gas fired central heating systems. The whole of the ground floor comprises a spacious two bedroom apartment with its own private garden and on the first and second floors are a further four one bedroomed self-contained flats, ideal for letting. Externally the property stands on a good sized garden plot which is arranged to provide car parking for each of the apartments, a private garden area for the ground floor flat and a communal garden area for the other apartments. The property has been in the same ownership for over 30 years and is a well managed residential investment opportunity with established tenants and a gross rental income based on current rents of £28,660 per annum.


GROUND FLOOR 

MAIN ENTRANCE 
Door to:-

COMMUNAL ENTRANCE HALLWAY 
With staircase to upper floors. Entrance to:-

FLAT 1 GROUND FLOOR FLAT  
HALLWAY, SPACIOUS LIVING ROOM with bay window. KITCHEN/BREAKFAST ROOM TWO DOUBLE BEDROOMS. BATHROOM with bath and shower cubicle, separate WC.

FIRST FLOOR HALF LANDING 

FLAT 2 
LIVING ROOM with KITCHEN AREA, BEDROOM & BATHROOM.

MAIN LANDING 
Of which is:-

FLAT 3 
LIVING ROOM with KITCHEN AREA, BEDROOM & SHOWER ROOM.

FLAT 4  
LIVING ROOM with KITCHEN AREA, BEDROOM & BATHROOM. Staircase to:-

SECOND FLOOR 

FLAT 5 
LIVING ROOM with KITCHEN AREA, BEDROOM & SHOWER ROOM.

GENERAL INFORMATION 
The property is offered as a going concern residential investment with established tenants. Each flat is currently assessed separately for council tax and metered for gas, electric and each has an individual gas fired central heating system. Currently the Landlord pays the water rates assessed over the whole property which is included in the tenants rent. The flats are let on an Assured Shorthold Tenancy Agreements and the present owners have chosen to offer extremely realistic rents and therefore has been successful in retaining tenants for longer periods.

RENT DETAILS 
Flat 1 £675 per month. (Tenant in occupation for over 1 year). Flat 2 £400 every 4 weeks. (Tenant in occupation for 10 years). Flat 3 £450 per month. (Tenant in occupation for 3 years). Flat 4 £450 per month. (Tenant in occupation for 3.5 years). Flat 5 £380 per month. (Tenant in occupation for 10 years).

PLANNING 
The flats are authorised in planning under planning application 88/2207. Approved on the 22nd of September 1988.

EPC RATING 
Flat 1 D. Flat 2 C. Flat 3 C. Flat 4 C. Flat 5 C.

VIEWING 
Viewing is highly recommended and can be arranged strictly by prior appointment with the Agents, Bettesworths.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
01 May 2018

Nearest stations

  • Torre (0.4 mi)
  • Torquay (0.6 mi)
  • Paignton (2.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Torre (0.4 mi)
  • Torquay (0.6 mi)
  • Paignton (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 8765695. 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, Torquay. 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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