4 bed property for sale

Pimlico, Torquay TQ1

Description

Ready as a turnkey investment is this block of 4 residential letting flats situated in a convenient location of the town centre, all of which are currently rented to long term tenants at an annual combined rental of £25,800.

All four flats are self contained, one bedroom flats, which have their own separate utility supplies and the rent is exclusive of council tax and utilities which are payable by the tenants.

Flat 1 - Rental of £550 pcm / £6,600 p/a

First floor one bedroom flat, comprising of open plan lounge/kitchen, double bedroom and en-suite bathroom.

Flat 2 - Rental of £600 pcm / £7,200 p/a

First floor one bedroom flat, comprising of open plan lounge/kitchen, double bedroom and bathroom.

Flat 3 - Rental of £500 pcm / £6,000 p/a

Second floor one bedroom flat, comprising of open plan lounge/kitchen, double bedroom and bathroom.

Flat 4 - Rental of £500 pcm / £6,000 p/a

Second floor one bedroom flat, comprising of lounge, separate kitchen, double bedroom and bathroom.

Council Tax Band: A (Torbay Council)
Tenure: Leasehold (250 years)
Ground Rent: £100 per year
Service Charge: £1,200 per year (reviewed every 1 years)