Torquay£270,000
On MarketBettesworths Commercial - 01803 2120214838
- Victorian Property with 3 Self Contained Flats
- Currently 2x Managed as Holiday Flats and 1x Let to Long Term Tenant
- Good Order Each with Gas Central Heating, Double Glazing, Modern Kitchen & Bathroom
- Central Location Convenient for the Town Centre
- Gross Income of Approximately £34,000 Per Annum
The property is situated in Madrepore Road, slightly elevated but very close to Torquay town centre and less than half a mile from the seafront.
The property comprises a three storey late Victorian end terraced house, which was converted into three flats in 1993 (planning reference P/1993/0218). Each of the three flats has separate metered supplies for gas, electricity, and water. They each have individual gas fired central heating systems and uPVC double glazed windows.
To the side, there is parking for three vehicles and a small, raised garden area. The first and second floor flats have been renovated in recent years and run as holiday lets for the last 18 months. Last year, the two holiday lets generated a combined gross income of £27,673.
The ground floor flat is let to an established tenant, who is paying £550pcm. Offered for sale in good condition throughout this is great opportunity for parties looking for an established holiday let investment in a central Torquay location.
- GROUND FLOOR
- FLAT 1
Let to a long-term tenant on an AST at £550 per calendar month.
- HALLWAY
- KITCHEN 4' 11'' x 14' 11'' (1.49m x 4.55m)
- LIVING ROOM15' 6'' x 13' 4'' (4.73m x 4.06m) (max)
- BEDROOM10' 8'' x 12' 8'' (3.25m x 3.85m) (max)
- BATHROOM 5' 2'' x 10' 4'' (1.57m x 3.16m)
Bath with electric shower over, WC and wash hand basin.
- GROSS INTERNAL AREA 42m2
- COMMUNAL ENTRANCE
Stairs up to Flats 2 & 3.
- FIRST FLOOR
- FLAT 2 (13A MADREPORE ROAD)
Currently run as a holiday let.
- HALLWAY
- LIVING ROOM12' 8'' x 10' 7'' (3.87m x 3.22m)
- KITCHEN6' 0'' x 10' 7'' (1.83m x 3.22m)
- BEDROOM8' 8'' x 9' 7'' (2.65m x 2.93m)
- EN-SUITE BATHROOM
Bath with electric shower over, WC and wash hand basin.
- GROSS INTERNAL AREA 35m2
- SECOND FLOOR
- FLAT 3 (13B MADREPORE ROAD)
Currently run as a holiday let.
- HALLWAY
- LIVING ROOM10' 11'' x 11' 7'' (3.33m x 3.54m)
Open to:-
- KITCHEN10' 0'' x 6' 1'' (3.04m x 1.85m)
- BEDROOM10' 11'' x 12' 3'' (3.32m x 3.73m) (average)
- BATHROOM5' 5'' x 6' 1'' (1.64m x 1.85m)
Bath with electric shower over, WC and wash hand basin.
- GROSS INTERNAL AREA 37m2
- EXTERIOR
To the side of the property, there is a car park for three vehicles, and a small area of garden.
- EPC RATINGS
13 Madrepore Road - D.
13A Madrepore Road - D.
13B Madrepore Road - D.
- COUNCIL TAX BAND
13 Madrepore Road - A.
13A Madrepore Road - A.
13B Madrepore Road - A.
- VIEWNG
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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