Block of apartments for sale

The property is located at the foot of Laburnum Row, close to its junction with Higher Union Street in the Torre area of Torquay. Torre is an excellent location for amenity services and access both to Torquay town centre and also out of town on Torquay's nearby arterial roads. The property comprises a three storey mid terrace block, made up of one residential unit per floor - 1 x studio and 2 x one bedroom apartments. The property is fully let producing a combined rental income of £16,800 per annum. The property has been diligently managed by our client and is presented in excellent decorative order, with settled long term tenants.

GROUND FLOOR

COMMUNAL ENTRANCE
Leading to:-

GROUND FLOOR STUDIO APARTMENT

ENTRACE LOBBY
Leads to:-

SPLIT LEVEL LIVING AREA - 14' 2'' x 17' 8'' (4.31m x 5.38m)
Comprising:- LIVING and BEDROOM AREA with RAISED KITCHEN (and dining alcove). SHOWER ROOMAccess to small yard. Economy 7 heating. The flat has been occupied by the current tenant since August 2013 under an Assured Shorthold Tenancy with a current rent of £450 PCM, with a rent deposit of £390.

FIRST FLOOR FLAT - FLAT 2

LOUNGE - 10' 10'' x 13' 10'' (3.29m x 4.22m)

KITCHEN - 5' 8'' x 10' 7'' (1.72m x 3.23m)

WC

BEDROOM - 9' 11'' x 8' 6'' (3.03m x 2.58m)

SHOWER ROOM
The flat has independent gas central heating. The property has been occupied by the current tenant since November 2018 under an Assured Shorthold Tenancy at a rent of £475 PCM, with a rent deposit of £433.33.

SECOND FLOOR FLAT - FLAT 3

OPEN LOUNGE & RAISED KITCHEN AREA - 8' 10'' x 8' 1'' (2.68m x 2.47m)
Plus7' 5'' x 8' 1'' (2.25m x 2.47m)

BEDROOM - 9' 7'' x 8' 6'' (2.91m x 2.6m)

SHOWER ROOM
The flat has independent gas central heating. The flat has been occupied by the current tenants since September 2014 under an Assured Shorthold Tenancy at a current rent of £475 PCM, with a rent deposit of £390.

COUNCIL TAX
Each flat has an independent Band A council tax assessment. Council tax payable by the tenant.

ASSURED SHORTHOLD TENANCIES
Available on request.Deposit, gas, electrical, EPC and fire alarm certification available on request.

ELECTRICITY SUUPLY
The electricity is paid by the Landlord, but each flat has an independent metre, which credits the entire cost back to the Landlord.

WATER
Rents are inclusive of Water Rates.

LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.

EPC RATINGS
Ground Floor - C. First Floor - C. Second Floor - D.

VIEWING
Viewing is by prior appointment with the Sole Agents, Bettesworths.

MANAGING AGENTS
The property is currently managed by Team2 Property Management.

Council Tax Band: A
Tenure: Freehold