Block of apartments for sale
Key information
Property description & features
- High-Quality Freehold Residential Investment Opportunity
- 4 Self-Contained Residential Units Arranged as Spacious Two Bedroom Flats
- 2 Renovated to a High-Quality Specification and 2 With Large Balconies
- Gross Rental Income of £40,800 Per Annum
- Desirable Location in Central Preston, Paignton
FLAT 329A (FIRST FLOOR)
Accessed from the front of the property. Renovated to a high standard. Circa. 85m² (914 sq ft). Let at £900 pcm.
FLAT 329B (SECOND FLOOR)
Accessed via the rear of the property. Benefitting from balcony spanning length of flat. Long term tenant, in occupation for many years. Circa. 80m² (861 sq ft). Let at £800pcm.
FLAT 331A (SECOND FLOOR)
Accessed via the rear of the property. Renovated to a high standard and benefitting from a balcony spanning the length of the flat. Circa. 85m² (914 sq ft). Let at £850pcm.
FLAT 331B (FIRST FLOOR)
Accessed from the front of the property. Renovated to a high standard. Circa 97m² (1,044 sq ft). Let at £850pcm.
UTILITIES
Each flat has an individual electric, gas, and water meter, which tenants are responsible for. Each flat benefits from gas central heating and a gas combi boiler.
TENURE
The freehold of the property is offered for sale, subject to the assured shorthold tenancies of the flats and the long leaseholds of the two commercial units below. N.B. The vendor currently owns 329-335 Torquay Road on one freehold title. On sale of 329-331 the vendor will split the freehold title.
RENTS
UnitRent (PCM)Rent (PA)329a £900 £10,800.329b £800 £9,600.331a £850 £10,200.331b £850 £10,200.Total: £3,400 £40,800.
EPC RATINGS
329a - C.329b - E.331a - D.331b - C.
COUNCIL TAX BANDS
329a - B.329b - A.331a - B.331b - B.
VIEWING
Viewings can be arranged by prior appointment with the Sole Agents, Bettesworths.[use Contact Agent Button].
Council Tax Band: B
Tenure: Freehold
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Broadband availability and predicted speed: obtained from Ofcom on January 25, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 31, 2022
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Clear: No bars, no signal predicted
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Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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