Property Details

Torquay£360,000

On MarketBettesworths Commercial - 01803 2120215079

Eleven Unit Licensed HMO in Central Torquay Location
10x Bed HMO with Additional 1 Bed Maisonette
Gross Rental Income of £66,880 Per Annum (When Fully Let)
Central Location with Easy Access to Local Shops and Town Centre
Substantial Grade II Listed Property

Eleven Unit Licensed HMO in Central Torquay Location. 10x Bed HMO with Additional 1 Bed Maisonette.

Torre Cottage is a substantial Grade II listed semi-detached property dating from circa. 1835 – 1845. Converted into a House of Multiple Occupation (HMO) the property has been successfully run and managed to create a high return residential investment.

An eleven-unit HMO, arranged with 10 rooms and a separate maisonette cottage, the property is of substantial size and offers generous accommodation. Each unit has either a private kitchenette provision or use of one of the two communal kitchens. Several of the units also benefit from private ensuites/ shower facilities.

Retaining several original features, the property is an excellent example of a converted HMO and has been well managed in recent years with a full HMO licence and relevant up to date compliance documentation.

ENTRANCE HALL
Leading to:-
GROUND FLOOR
ROOM 114' 9'' x 10' 4'' (4.49m x 3.15m)
With en-suite.
ROOM 416' 2'' x 7' 10'' (4.92m x 2.39m)
with en-suite.
ROOM 511' 7'' x 8' 4'' (3.53m x 2.54m)
With shower room.
ROOM 615' 0'' x 10' 1'' (4.57m x 3.07m)
With shower and wash hand basin.
ROOM 711' 4'' x 10' 4'' (3.45m x 3.15m)
With Private Kitchen across the Hall:
ROOM 7 KITCHEN8' 2'' x 4' 8'' (2.49m x 1.42m)
KITCHEN10' 8'' x 7' 7'' (3.25m x 2.31m)
Communal kitchen with oven, hob and fitted white goods.
COMMUNAL SHOWER ROOM
WC
FIRST FLOOR
ROOM 214' 8'' x 7' 10'' (4.47m x 2.39m)
With en-suite.
ROOM 311' 5'' x 10' 3'' (3.48m x 3.12m)
With en-suite.
ROOM 813' 0'' x 11' 8'' (3.96m x 3.55m)
With shower and wash hand basin.
ROOM 915' 2'' x 12' 9'' (4.62m x 3.88m)
With shower room.
ROOM 1015' 2'' x 11' 8'' (4.62m x 3.55m)
With shower room.
COMMUNAL KITCHEN8' 11'' x 6' 5'' (2.72m x 1.95m)
With oven, hob and fitted white goods.
COMMUNAL BATHROOM
MAISONETTE
Accessed via the rear garden.
ENTRANCE PORCH
With space for coat and shoe rack.
LIVING AREA13' 3'' x 10' 0'' (4.04m x 3.05m)
With kitchen.
BEDROOM15' 1'' x 10' 8'' (4.59m x 3.25m)
EN-SUITE BATHROOM
EXTERNAL
The property benefits from front and rear paved and gravelled gardens.
RENT SCHEDULE
Unit Rent (PCM) RENT (PA) Room 1 £520 £6,240 Room 2 £425 £5,100 Room 3 £575 (VACANT) £6,900 (Potential Rent) Room 4 £450 £5,400 Room 5 £425 £5,100 Room 6 £550 (VACANT) £6,600 (Potential Rent) Room 7 £420 £5,040 Room 8 £575 (VACANT) £6,900 (Potential Rent) Room 9 £550 £6,600 Room 10 £433.33 £5,200 Maisonette £650 £7,800 Total £5,573 £66,880
HMO LICENCE
We are informed the property is licensed as a 11-unit HMO by Torbay Council.
COUNCIL TAX
Council tax band E.
TENURE
Offered for sale freehold, subject to the occupational residential ASTs.
UTILITIES
Rent is inclusive of utilities. The property is connected to water, electricity and gas.
NATIONAL HERITAGE LISTING
The property is Grade II listed. Further details can be found on the Historic England Register under List Entry Number: 1208227.
EPC AWAITED
VIEWING
Viewings can be arranged via prior arrangement with the Sole Agents, Bettesworths.

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