Bettesworths Commercial
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
01803 212021
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Energy Performance CertificateInvestment Opportunity of Two Self-Contained Flats. Generating a gross Rental Income of £13,675 PA.
Hele Road is a well-established residential area in Torquay, providing easy access to local amenities, schools and transport links. The area is served by a variety of shops and supermarkets, with convenient access to The Willows and nearby retail parks. Excellent transport links via the A3022 connect to Newton Abbot, Exeter and beyond, while Torbay Hospital is within walking distance.
The property is a well-established investment, arranged as two self-contained flats. The ground floor flat is arranged as a 1-bedroom, whilst the first floor flat is arranged as a 2-bedroom. The property benefits from a garden at the rear which both tenants currently share and maintain together. Both flats are let to established tenants of over 5 years, on 12-month ASTs, with both tenants keen to stay on into the future.
Both flats are kept clean and tidy by the tenants and the landlord has maintained the fabric of the property. Currently generating a gross rental income of £13,675 per annum, this is an excellent opportunity to acquire a well maintained and high return residential investment.
Entrance from the front of the property leading to:
Newly carpeted and with doors to:-
With door to the rear garden.
Accessed via the rear garden and up an external metal staircase. Newly Carpeted.
With cupboard housing boiler.
The ground floor flat is connected to electric, water and mains drainage. The flat is heated by electric storage heaters. The first floor flat is connected to electric, gas, water and mains drainage. The flat is heated by gas central heating.
Offered for sale Freehold, subject to the ASTs of the residential tenants.
An asking price of £150,000.
Both flats are rated band A for council tax. Each tenant pays their own.
Ground Floor – D. First Floor – C.
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
