Property photos
Freehold
£350,000
3 bed block of flats for sale
Abbey, Torbay Road, Torquay TQ23 beds
3 baths
2 receptions
EPC rating: D
Key Information
Local area information
Property location
Nearby amenities
- EF Academy Torbay 0.2 miles
- Ellacombe Church of England Academy 0.4 miles
- Torquay - North Quay 0.4 miles
- Torquay Harbour Boarding Pontoon 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Investment property new to market: Call to view this investment property comprising of three residential flats & one commercial premises. The property is earning an annual income of approximately £28,000 with potential to increase & offering a return of around 8%.
Large end-terraced four-storey investment property made into three residential flats and one commercial premises currently let as a restaurant. Providing off-street parking for up to 5/6 cars.Approximate yearly income of around £28,000 with the potential to increase.The property is conveniently located near to the shops on Abbey Road which leads to the town centre and amenities.AccommodationBasement Flat - Studio (Tenanted at £450 pcm)Accessed from the rear of the property through a double glazed door. Recently renovated. Studio flat comprising of a carpeted hallway with storage cupboard, carpeted lounge/bedroom which leads to kitchen area with cooker, bathroom off of hallway, electric heating.EPC=D, Council tax band=A.Flat 1 - One bedroom (Tenanted at £550 pcm)Accessed from the rear of the property via an external metal staircase to the first-floor which leads to shared access to both Flat 1 & 2. One bedroom flat comprising of carpeted hallway, double bedroom, open plan lounge/kitchen and bathroom, electric heating.EPC=E, Council tax band=A.Flat 2 - One bedroom (Tenanted at £550 pcm)
Accessed from the rear of the property via an external metal staircase to the first-floor which leads to shared access to both Flat 1 & 2. Recently renovated. Entering flat 2, stairs lead to second-floor. One bedroom flat comprising of carpeted stairs & hallway, double bedroom, separate lounge & kitchen, bathroom, electric heating.EPC=E, Council tax band=A.Commercial Premises - (Tenanted) (£780 pcm)Accessed from the front of the property via public entrance or side access for the proprietor. Commercial premises currently let and operated as a restaurant. Consisting of large seating dining area for patrons extending from the front of the property to the rear with separated counter/till area for staff, commercial kitchen area, W/C, hallway which leads to basement with large storage room.Outside:Large driveway with side access to the commercial premises, driveway extends to the rear of the property with space for 5/6 cars.GeneralTenure: FreeholdIncome: Approximately £28,000 per annum.VAT: All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish any VAT implications before entering into any agreement.
Large end-terraced four-storey investment property made into three residential flats and one commercial premises currently let as a restaurant. Providing off-street parking for up to 5/6 cars.Approximate yearly income of around £28,000 with the potential to increase.The property is conveniently located near to the shops on Abbey Road which leads to the town centre and amenities.AccommodationBasement Flat - Studio (Tenanted at £450 pcm)Accessed from the rear of the property through a double glazed door. Recently renovated. Studio flat comprising of a carpeted hallway with storage cupboard, carpeted lounge/bedroom which leads to kitchen area with cooker, bathroom off of hallway, electric heating.EPC=D, Council tax band=A.Flat 1 - One bedroom (Tenanted at £550 pcm)Accessed from the rear of the property via an external metal staircase to the first-floor which leads to shared access to both Flat 1 & 2. One bedroom flat comprising of carpeted hallway, double bedroom, open plan lounge/kitchen and bathroom, electric heating.EPC=E, Council tax band=A.Flat 2 - One bedroom (Tenanted at £550 pcm)
Accessed from the rear of the property via an external metal staircase to the first-floor which leads to shared access to both Flat 1 & 2. Recently renovated. Entering flat 2, stairs lead to second-floor. One bedroom flat comprising of carpeted stairs & hallway, double bedroom, separate lounge & kitchen, bathroom, electric heating.EPC=E, Council tax band=A.Commercial Premises - (Tenanted) (£780 pcm)Accessed from the front of the property via public entrance or side access for the proprietor. Commercial premises currently let and operated as a restaurant. Consisting of large seating dining area for patrons extending from the front of the property to the rear with separated counter/till area for staff, commercial kitchen area, W/C, hallway which leads to basement with large storage room.Outside:Large driveway with side access to the commercial premises, driveway extends to the rear of the property with space for 5/6 cars.GeneralTenure: FreeholdIncome: Approximately £28,000 per annum.VAT: All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish any VAT implications before entering into any agreement.
Floor plans and tours
Floor plans (4)
Tours (4)
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Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Ridgewater Property Limited
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