Bettesworths Commercial
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
01803 212021
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Floor plansAttractive 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.
The accommodation is arranged:
A 1 bedroom flat. Accessed via external stairs at front of the property.
With original staircase leading up to the top floor.
A 1 bedroom flat with bay window at front.
A 1 bedroom flat, located at the rear of the property and accessed via the rear garden.
A 1 bedroom flat, located at the front of the property and benefitting from a bay window.
A 2-bedroom flat, located at the rear of the property.
A 1 bedroom flat, located at the front of the property.
A 1 bedroom flat, located at the front of the property, with sea glimpses.
A 1 bedroom flat, located at the front of the property, with sea views.
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.
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.
£800,000 exclusive.
Flats 1, 8 & 9 – E. Flats 2 & 10 – E. Flats 4, 5 & 7 – C.
Each flat is individually banded for Council Tax purposes and tenants are responsible for their own council tax bills.
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
