Block of flats for sale in Madrepore Road, Torquay TQ1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Victorian Property with 3 Self Contained Flats
- Currently 2x Managed as Holiday Flats and 1x Let to Long Term Tenant
- Good Order Each with Gas Central Heating, Double Glazing, Modern Kitchen & Bathroom
- Central Location Convenient for the Town Centre
- Gross Income of Approximately £34,000 Per Annum
Property description
The property is situated in Madrepore Road, slightly elevated but very close to Torquay town centre and less than half a mile from the seafront.
The property comprises a three storey late Victorian end terraced house, which was converted into three flats in 1993 (planning reference P/1993/0218). Each of the three flats has separate metered supplies for gas, electricity, and water. They each have individual gas fired central heating systems and uPVC double glazed windows.
To the side, there is parking for three vehicles and a small, raised garden area. The first and second floor flats have been renovated in recent years and run as holiday lets for the last 18 months. Last year, the two holiday lets generated a combined gross income of £27,673.
The ground floor flat is let to an established tenant, who is paying £550pcm. Offered for sale in good condition throughout this is great opportunity for parties looking for an established holiday let investment in a central Torquay location.
Ground Floor
Flat 1
Let to a long-term tenant on an AST at £550 per calendar month.
Hallway
Kitchen (4' 11'' x 14' 11'' (1.49m x 4.55m))
Living Room (15' 6'' x 13' 4'' (4.73m x 4.06m) (max))
Bedroom (10' 8'' x 12' 8'' (3.25m x 3.85m) (max))
Bathroom (5' 2'' x 10' 4'' (1.57m x 3.16m))
Bath with electric shower over, WC and wash hand basin.
Gross Internal Area 42m2
Communal Entrance
Stairs up to Flats 2 & 3.
First Floor
Flat 2 (13A Madrepore Road)
Currently run as a holiday let.
Hallway
Living Room (12' 8'' x 10' 7'' (3.87m x 3.22m))
Kitchen (6' 0'' x 10' 7'' (1.83m x 3.22m))
Bedroom (8' 8'' x 9' 7'' (2.65m x 2.93m))
En-Suite Bathroom
Bath with electric shower over, WC and wash hand basin.
Gross Internal Area 35m2
Second Floor
Flat 3 (13B Madrepore Road)
Currently run as a holiday let.
Hallway
Living Room (10' 11'' x 11' 7'' (3.33m x 3.54m))
Open to:-
Kitchen (10' 0'' x 6' 1'' (3.04m x 1.85m))
Bedroom (10' 11'' x 12' 3'' (3.32m x 3.73m) (average))
Bathroom (5' 5'' x 6' 1'' (1.64m x 1.85m))
Bath with electric shower over, WC and wash hand basin.
Gross Internal Area 37m2
Exterior
To the side of the property, there is a car park for three vehicles, and a small area of garden.
EPC Ratings
13 Madrepore Road - D.
13A Madrepore Road - D.
13B Madrepore Road - D.
Council Tax Band
13 Madrepore Road - A.
13A Madrepore Road - A.
13B Madrepore Road - A.
Viewng
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Property info
For more information about this property, please contact
Bettesworths Commercial, TQ1 on +44 1803 912766 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bettesworths Commercial, and do not constitute property particulars. Please contact Bettesworths Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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