12 bedroom property for sale in Torquay

The property enjoys good access to the local shops, high street and harbour along with excellent transport links via the new road which offers an easy commute to Newton Abbot, Exeter and the M5 network beyond. For the outdoor lovers, the south Devon coastline with its picturesque beaches and Dartmoor National Park are both within easy striking distance.

Rental Investment purchase. 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.



Approach
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.

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.
Current rental income: ?140pcw
EPC: D
Council Tax: A

Flat 2
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.
Current rental income: ?150pcw
EPC: D
Council Tax: A

Flat 3
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.
Current rental income: ?140pcw
EPC: D
Council Tax: A

Flat 4
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.
Current rental income: ?140pcw
EPC: E
Council Tax: A

No. 40
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.

Flat 1
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.
Current rental income: ?130pcw
EPC: D
Council Tax: A

Flat 2
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