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GUIDE PRICE £650,000 - £675,000
Rental Investment. This substantial building (38 & 40), is located in a popular residential area of Torquay with some lovely, far reaching views from some of the apartments. The buildings were skilfully converted in the 1980's to create 10 self contained, highly individual apartments ranging in size and layout, with most of them recently refurbished. We are marketing the whole building and apartments, along with the freehold as a whole lot. Each unit benefits from their own kitchen and shower room and are a combination of studio, 1 and 2 bedroom apartments.
With tenants already in place, this is a great opportunity to take over an existing property portfolio and generate immediate income, and this is currently c£69,000 (minus of any fees/costs etc).
Please note that there is NO parking on site, and some outdoor space as per the apartment descriptions.
From the fore court, with bin storage area, main door to Flats 2,3 & 4 in No.38, with secure entry system into the main hall, and stairs rising to the first and second floor. Meter cupboard. External steps down to a private front door to Flat 1.
Lower ground floor flat with lobby, spacious lounge with a double glazed window to the front. Kitchen with fitted units and double glazed window to the side. One double bedroom with double glazed window to the side aspect and a fitted shower room.
Ground floor flat with lobby, spacious lounge with a double glazed period window to the front aspect. Kitchen with fitted units and double glazed window to the side. Two double bedrooms with high level double glazed window to the rear aspect and a fitted shower room.
First floor flat with lobby, spacious lounge with a double glazed bay window to the rear aspect enjoying views across Torbay. Kitchen with fitted units and double glazed window to the side. One double bedroom with double glazed window to the front aspect and a fitted shower room.
Second floor flat with lobby, spacious lounge with a double glazed dormer picture window to the rear aspect and enjoying far reaching views across the surrounding area. Kitchen with fitted units and double glazed window to the side. One double bedroom with double glazed dormer window to the front aspect and a fitted shower room.
From the fore court, with bin storage area, main door to Flats 3,4 & 5 in No.40, with secure entry system into the main hall, and stairs rising to the first and second floor. Meter cupboard. External steps down to private front doors to Flat 1, 2 & 6.
Lower ground floor Garden Flat with open plan style living accommodation with sliding double doors to the terrace. Kitchen area with fitted units and double glazed window to the side aspect. Studio style bedroom area and a fitted shower room.
Lower ground floor Corner flat accessed via a balcony, with open plan style living accommodation with a double glazed window to the rear aspect. Kitchen with fitted units and double glazed window to the rear aspect. One double bedroom with double glazed window to the rear aspect and a fitted shower room.
Ground floor flat with lobby, spacious lounge with a double glazed period window to the front aspect. Kitchen with fitted units and double glazed window to the side. Two double bedrooms with high level double glazed window to the rear aspect and a fitted shower room.
First floor flat with lobby, spacious lounge with a double glazed bay window to the rear aspect enjoying views across Torbay. Kitchen with fitted units and double glazed window to the side. One double bedroom with double glazed window to the front aspect and a fitted shower room.
Second floor flat with lobby, spacious lounge with a double glazed dormer picture window to the rear aspect and enjoying far reaching views across the surrounding area. Kitchen with fitted units and double glazed window to the side. One double bedroom with double glazed dormer window to the front aspect and a fitted shower room.
Lower ground floor Landlords Apartment with lobby and open plan lounge dining area with feature central fireplace (not working) and glazed window to the side aspect. Fitted kitchen breakfast room with double glazed window to the front, and a utility room. Two bedrooms, bathroom and additional ensuite to the main bedroom. There is also a 'games room' with a home bar with double glazed sliding doors to the sun terrace which enjoys far reaching views across Torquay.
We understand the building was converted into apartments between 1983 & 1986. There is a communal boiler that supplies central heating to all apartments, and controlled individually. Each flat has its own hot water heater. The Freeholder currently covers the water rates and gas bill for the whole building(s). We also understand that there is a yearly payment to the Carey Estate of c£4.50.
Name | Location | Type | Distance |
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Torquay 66 Torwood Street, Torquay, Devon, TQ1 1DT | Tel: 01803 364 029 | Email: info@hsowen.co.uk
Lettings Tel: 01803 364113 | Email: lettings@hsowen.co.uk
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