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£300,000

1 bedroom block of apartments for sale

Abbey Road, Torquay

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Block of apartments
1 bedroom
0 bathroom

Property description

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.

Accommodation

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.

Outside:
Large driveway with side access to the commercial premises, driveway extends to the rear of the property with space for 5/6 cars.

General
Tenure: Freehold
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

  • Brochure PDF
    1. Ridgewater

      Ridgewater Sales & Lettings - Paignton

      243 Torquay Road Paignton TQ3 2HL

      Ridgewater Torquay, Paignton and Brixham. Ridgewater are your local, independent expert Estate Agent and Letting Agent in Torquay, Paignton and Brixham areas, we have been established since 2008 and have built up a reputation among our customers for delivering unrivalled customer service and fast results. At Ridgewater we pride ourselves on offering a professional service designed to ensure we match people to their ideal home, as well as managing rental properties effectively and efficiently. Unlike many agents we are happy to conduct viewings and appointments outside of normal working hours. This provides our customers with a flexible service to fit in with their busy lives. Property Experts covering the South Devon area, We cover the whole of the South Devon area including Torquay, Paignton, Brixham, Newton Abbot, Teignmouth and the South Hams as well as all towns and villages in between. If you have a property for sale or to rent or you are looking for your ideal home please do not hesitate to contact us and you can be assured of our undivided attention at all times.

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