An opportunity to purchase an established residential investment property, arranged as THREE 2 BEDROOM APARTMENTS, and currently producing a rental income of £20,340 per annum (a yield of just over 6%), with potential to be increased. Owned by our clients for over 25 years, the property has provided a healthy and constant income, and due to the convenience of its location has had a number of long-term tenants. To the rear of the property there is a an enclosed courtyard garden and garage.

The property is situated within close proximity to a host of amenities including Torquay's picturesque sea front, Torre Abbey Sands, Torquay train station and the town centre. Both the English Riviera Centre and the TLH Leisure Resort are within a few minutes' walk, together providing an array of dining and sporting facilities which feature the Aztec spa, swimming pools, tennis courts and indoor bowls.

OWNERS INSIGHT

“Having owned this property for many years it has been an extremely difficult decision for us to now consider selling it, especially as we have such lovely tenants in each of the apartments, but due to our advancing years and recent health issues we now feel that the time is right for us to ‘pass to baton on’ and let somebody else take advantage of the income this property has to offer. During our long term ownership we have found each of the apartments extremely easy to let, actually with very few void periods at all. In fact we were fortunate enough to have one tenant living here for approximately 19 years and another for 15 years. With the town centre and sea front both found within a short walk, and Torbay Hospital a short drive away, the property has been extremely popular with those working in the retail sector, hospitality industry or within healthcare as their workplaces were all easily accessible, yet just far enough away!"

STEP INSIDE

A security operated communal door opens to the ENTRANCE PORCH with cupboard housing the electric meters. Inner door leads to apartment 1.

APARTMENT 1

Private door to the RECEPTION HALL with intercom for communal door. SITTING ROOM with large window overlooking the front approach and feature fireplace. BEDROOM 1 with window to the rear. INNER LOBBY with understairs storage cupboard housing the electric consumer unit. STUDY with window to the side. KITCHEN with a range of units and working surfaces with inset sink unit. Space for electric cooker, provision for washing machine and space for fridge/freezer. Ceramic tiled floor and window to the side. REAR LOBBY with tiled floor and door to the garden. BEDROOM 2 with Velux rooflight and cupboard housing the hot water cylinder. BATHROOM with panelled bath, wash hand basin and WC. Part tiled walls, tongue and grooved panelled ceiling, extractor fan and obscure window.

APARTMENT 2

Approached through a private front door with spyhole to the RECEPTION HALL with intercom for secure communal door and deep storage cupboard. SITTING ROOM with window to the rear and feature fireplace. INNER LOBBY with window to the side. The KITCHEN is fitted with a range of white high gloss fronted units and wood effect working surfaces with inset sink unit. Built-in electric oven, four ring electric hob with cooker hood above, provision for washing machine and space for undercounter fridge. Window and airing cupboard with hot water cylinder. BEDROOM 1 with window to the front. BEDROOM 2 with window to the front. BATHROOM with shower over, wash hand basin and WC. Part tiled walls and extractor fan.

APARTMENT 3

From the first floor landing a private door opens to the HALLWAY with storage cupboard housing the electric consumer unit. Stairs rise to a half landing with window to the rear. Stairs continue to a door opening to the SITTING ROOM with window to the rear and feature fireplace. STUDY/OCCASIONAL BEDROOM with Velux window and airing cupboard with lagged hot water cylinder. INNER HALL with loft access hatch. The KITCHEN is fitted with a range of units and working surfaces with inset sink unit. Space for electric cooker and provision for washing machine. Character sloping ceiling and window to the front. BEDROOM with window to the front and part sloping ceiling. BATHROOM with panelled with shower over, wash hand basin and WC. Tiling to walls and extractor fan.

STEP OUTSIDE

Accessed from Apartment 1 is an enclosed courtyard garden, laid to concrete for ease of maintenance with outside tap and gated access onto Bath Lane at the rear. To the rear of the courtyard is a SINGLE GARAGE.

ADDITIONAL INFORMATION

Some Double Glazing Electric Heating Council Tax Bands: Flat 1 - ‘B’, Flat 2 – ‘A’ & Flat 3 – ‘A’ (Torbay Council) EPC’s: Flat 1 – E, Flat 2 – E & Flat 3 - D Current Rents: Flat 1 - £550 pcm, Flat 2 - £550 pcm & Flat 3 - £595 pcm

OUR AREA

Torquay is nestled on the warm South Devon coast being one of three towns along with Paignton and Brixham which form the natural east facing harbour of Torbay, sheltered from the English Channel. Torbay's wide selection of stunning beaches, picturesque coastline, mild climate and recreational facilities reinforce why it has rightfully earned the renowned nickname of the English Riviera.

TORQUAY IS WELL CONNECTED

By Train: Torquay Train Station has some direct lines to London Paddington and Birmingham and is just one stop from the main line Newton Abbot. By Air: Exeter Airport provides both UK and international flights. By Sea: Torquay Marina provides a safe haven for boats in all weathers, sheltered from the prevailing south-westerly winds. Regional Cities of Exeter & Plymouth approximately 22 miles and 32 miles respectively. Magnificent Dartmoor National park approximately 12 miles.

DIRECTIONS

SAT NAV: TQ2 5AZ. From Torquay's Sea Front (Torbay Road A379) heading towards Torquay's Harbour and Marina, turn left at the traffic lights before the white bridge into Belgrave Road. Progress up Belgrave Road passing the Derwent Hotel, carry straight on through the traffic lights and Bampfylde Road will be found as the next turning on the left-hand side, with the property found a short distance along on the left.

Rear Garden

Courtyard garden accessed from Apartment 1.

Parking - Garage