Property Details

Torquay£395,000

On MarketBettesworths Commercial - 01803 2120214652

High Return Residential Investment Opportunity
Five Self-Contained Residential Units
Comprising 1 x Two Bedroom Flat & 4 x One Bedroom Flats
Rental Income of £38,760 Per Annum
Well Situated Close to Town Centre

A large period building comprising of five self-contained residential flats. The five flats were renovated by the current owner in 2020 and are currently all let to tenants on Assured Shorthold Tenancy Agreements. The flats are each fitted with individual electric meters and electric panel heaters. There is no gas supply to the property. Water is provided by the landlord under the tenant’s rental. The property presents an attractive opportunity for those looking for an established and high rental return investment in a central location.

FLAT 1 - 1 BED
44m2 (473 sq ft). Let at £650 PCM.
FLAT 2 - 2 BED
56m2 (602 sq ft). Let at £800 PCM.
FLAT 3 - 1 BED
33m2 (355 sq ft). Let at £650 PCM.
FLAT 4 - 1 BED
21m2 (226 sq ft). Vacant – Marketed To Let at £530 PCM.
FLAT 5 - 1 BED
34m2 (365 sq ft). Let at £600 PCM.
EPC RATINGS
FLAT 1 - D. FLAT 2 - C. FLAT 3 - D. FLAT 4 - D. FLAT 5 - D.
COUNCIL TAX BANDS
FLAT 1 - A. FLAT 2 - A. FLAT 3 - A. FLAT 4 - A. FLAT 5 - A.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.

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