1 bedroom block of apartments for sale
Abbey Road, Torquay>
Large end-terraced four-storey investment property made into three residential flats and one commercial premises currently let as a restaurant. Providing off-street parking for up to 5/6 cars.
Approximate yearly income of £25,000 with the potential to increase.
The property is conveniently located near to the shops on Abbey Road which leads to the town centre and amenities.
Flat 1 is currently let to tenants on an assured shorthold tenancy whilst the remaining two flats are vacant.
Basement Flat - Studio (Vacant) (Currently advertised at £430 pcm)
Accessed from the rear of the property through a UPV double glazed door. Recently renovated. Studio flat comprising of carpeted hallway with storage cupboard, carpeted lounge/bedroom which leads to kitchen area with cooker, bathroom off of hallway, electric heating.
Council tax band=A.
Flat 1 - One bedroom (Tenanted) (£430 pcm)
Accessed from the rear of the property via an external metal staircase to the first-floor which leads to shared access to both Flat 1 & 2. One bedroom flat comprising of carpeted hallway, double bedroom, open plan lounge/kitchen and bathroom, electric heating.
EPC=E, Council tax band=A.
Flat 2 - One bedroom (Vacant) (Currently advertised at £445 pcm)
Accessed from the rear of the property via an external metal staircase to the first-floor which leads to shared access to both Flat 1 & 2. Recently renovated. Entering flat 2, stairs lead to second-floor. One bedroom flat comprising of carpeted stairs & hallway, double bedroom, separate lounge & kitchen, bathroom, electric heating.
EPC=E, Council tax band=A.
Commercial Premises - (Tenanted) (£780 pcm)
Accessed from the front of the property via public entrance or side access for the proprietor. Commercial premises currently let and operated as a restaurant. Consisting of large seating dining area for patrons extending from the front of the property to the rear with separated counter/till area for staff, commercial kitchen area, W/C, hallway which leads to basement with large storage room.
Large driveway with side access to the commercial premises, driveway extends to the rear of the property with space for 5/6 cars.
Income: Approximately £25,000 per annum.
VAT: All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish any VAT implications before entering into any agreement.
Property information from this agent
Ridgewater Sales & Lettings - Paignton
243 Torquay Road Paignton TQ3 2HL
See more properties like this:
Property reference L720381. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ridgewater Sales & Lettings - Paignton. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Call rate information
Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.
*UKCreditRatings offer a 14-day trial to their credit report service. If you choose not to cancel within the trial period, you will incur the monthly subscription of £19.95 until you cancel the account.