Investment Properties for sale in Torquay

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 Daltons is the way to go and the one I recommend. 

C. McFarquhar (Apr 2017)
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Freehold Price: £170,000
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Business Description
A unique mix investment/development opportunity comprising of 1 two-bedroom apartment, 1 one-bedroom apartment and large garage and land. The garage befits from electricity, water, sewage. The garage site could either be suited as a smaller development or as currently let to an owner operator garage repair centre. The two-bedroom apartment is also let on a AST agreement however, the one-bedroom ground floor apartment is not let but requiring a complete refurbishment. Located in the very heart of Torquay, Devon and only minutes away from the town centre, harbour and sea front. There is no alternative planning on the site apart from lapsed planning from years ago, illustrated drawings attached....

LOCATION
The property and site are situated off Bexley Close with its added benefit from its own parking which adjoins the garage. The location is within a short walking distance to town centre and seafront and situated in a densely populated area of Torquay and with local schools nearby.

THE PROPERTY
1 two-bedroom apartment
1 x one bedroom (not let and requiring refurbishment)
1 x garage/site, parking & land
Currently achieving a rental of £950.00 per calendar month
We the agents feel with an upgrade of both apartments and a roof improvement to the garage, a revised rental income of nearer £xxx should be achieved. However, a smaller residential development would create a greater uplift in value overall.
The residential apartments span over two floors with the two-bedroom apartment on the 1st floor and the one bedroom on the ground floor.

ACCOMMODATION

GARAGE
Through main doorway up steps into:

OFFICE
3.97x 2.72m

MAIN GARAGE AREA
27.35m x 8.57m & 17.18m x 6.44m
Main area split into 3 different working and service areas

ACCOMMODATION
Access along path next to garage, to main front door, into hallway, door to:

GROUND FLOOR FLAT

LOUNGE
3.33m x 3.31m
With 2 windows to front and door to:

KITCHEN
2.84m x 1.83m
With base and wall mounted units with inset stainless-steel sink and space for cooker and washing machine

BEDROOM
4.13m x 3.31m
With wardrobe and large walk-in cupboard and window to rear

BATHROOM
With bath, WC and Wash Hand Basin

FIRST FLOOR FLAT
From main hallway through front door and stairs up to:

LARGE LANDING AREA

BATHROOM
Bath with shower over, WC and wash hand basin

BEDROOM 1
4.26m x 2.62m
With window to side

BEDROOM 2
4.10m x 2.71m
With window to side

LOUNGE
3.98m x 3.77m
With 2 windows to front

KITCHEN
2.60m x 3.85m
With base and wall mounted units, space for cooker and fridge freezer and washing for washing machine.

SERVICES
Mains electricity, water and drainage are all connected. However, no testing of these services has been undertaken by the Agents Ware Commercial.

BUSINESS RATES
Please make your own enquiries on the local Valuation Website (VOA) at www.voa.gov.uk

TENURE
Freehold

VIEWINGS
All viewings are to be by appointment through Ware Commercial
Tel: 01803 328880
Email info@warecommercial.com
Website: www.warecommercial.com
Tenure: Freehold

Listed by: Ware Commercial

Find out more about this business opportunity.

 
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BEXLEY3566
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