Investment Properties for sale in Torquay

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Cary Park, Babbacombe

Torquay, Devon, England

  • Price: £1,500,000
Seller Reference: 3936
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Business Description
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Seller Reference: 3936
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Business Description
High Quality Home & Income or Investment Property 13 Self-Contained Residential Apartments
Established Investment Long Standing Tenants & High Potential Incomes Development & Management Opportunities

Avonwick comprises a fine Edwardian villa, which has been developed to provide 13 self-contained residential apartments, including a spacious ground floor apartment, currently providing a spacious and elegant home for the current owner, with a spacious private garden and large garage.

In addition, there are 12 apartments, 5 converted from the Edwardian villa and 8 in two modern purpose built blocks of four. Each apartment has separate services and is fully self-contained. The Apartments are let on Assured Shorthold Tenancies producing a worth while investment income.

Avonwick is located in the much sought after Cary Park area of Babbacombe. The property offers developers and speculators the opportunity to add value with management of the rents to current rental value in the region of £99,500 per annum, or buy individual leasehold sales of the individual apartments.

Internal viewing of this high quality property investment or home and income opportunity is recommended to appreciate the quality and spaciousness of the accommodation on offer and can be arranged by appointment with the Agents
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