No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers in region of£230,000
Added > 14 days

Property for sale

Beenland Place, Torquay
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Property
0 bed
0 bath

Property description & features

LOCATION
Rare opportunity - licenced 8 person HMO in convenient central Torquay location. Currently only occupied by 5 persons producing £17,820pa approx. with 2 further ground floor rooms requiring refurbishment, which when complete should enhance investment return to circa £27,360p

Conveniently located in the Torre area of town close to Torquay main police station and central retail area, Torbay Hospital, local bus routes and Torre train station.

DESCRIPTION
This period semi-detached period property is set over 3 floors currently licensed for a maximum of 8 occupants.

The vendors until recently occupied the ground floor accommodation and suggest that the rents received are currently below market value.

The premises were granted a certificate of lawful use on the 14th February 2020. The premises holds a current licence from Torbay Council commencing July 2016 for 5 years providing for 8 persons over 5 residences.

On the basis of our clients’ opinion of full rental and occupation under current licence then the gross receivable would be circa £24,720pa. If the council amended the license to 8 persons over 6 dwellings, then our clients forecast an increase of rental to circa £27,360pa on the basis of letting the former owners’ unit as 2 separate units.

You are advised to take your own independent advice upon income potential both current and projected.

ACCOMMODATION
Ground Floor: - Entrance Hallway Rooms 1&2 (Owners accommodation) comprising 2 rooms and conservatory. (requiring updating)
Communal kitchen fully fitted and equipped -access to patio area with shed housing communal washing machine.

First Floor: - Room 2 –let to 1 person at £ 320pcm
Room 3 – Let to 1 person at £320pcm
Rooms 4 & 5 – Let to 2 persons at £440pcm
Shower room 1 with wash hand basin and WC. Shower room 2 with wash hand basin and WC.

Second Floor: - Room 6 – size not licensed.
Rooms 7 & 8 – let to 1 person at £440pcm
Outside - small yard with pay for use laundry in shed

Tenancy Details
We understand that all tenancies are Assured Shorthold Tenancy Agreements. We further understand that all current tenants are employed.
Details of utilities charges awaited

TERMS
Freehold. Offers on £230,000.

OUTGOINGS
Council Tax - D

VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL[use Contact Agent Button]

Property information from this agent

Places of interest

    Waycotts was established back in 1878 and has been providing professional property advice within Torbay and the South West ever since. Waycotts Residential primarily operates within the Torbay region, offering Sales and Marketing Services to both private and corporate clients. Waycotts Commercial although mainly dealing with all types of commercial property within Torbay, ventures further afield including Plymouth and Newton Abbot and offers Sales ,Marketing and Professional Services across the whole of the South West region. Waycotts Hotels & Leisure continues to serve the hospitality industry within Torbay and South Devon and always have a good selection of Guest Houses, Hotels and Catering Businesses for sale. Waycotts Professional offers advice on all matters including Valuations, Lease Renewal, Rent Reviews and also specialise in Recovery Advice.

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    Property reference 100863005457. 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 provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Waycotts - Torbay.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on December 19, 2021

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *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.