Description

Investment property of seven flats with off street parking. Property is currently earning an annual income of £39,078 with potential to increase.

Large end-terraced four-storey investment property made into six flats and one bedsit.   There is off-street parking for 8 cars.

 

Yearly income of £39,078  with potential to increase.

 

Close to Torquay Town Centre, shops and bus routes

 

All flats and have a fridge/freezer, gas cooker included. Tenants supply own washing machine.

There is gas central heating.   Electric is paid by the tenants. Water and gas is paid by Landlord.  Water is £147 pcm, gas is £105 pcm.  The boiler is three and half years old.

 

Flat 6:  Basement:   Large Lounge/Dining Room,  3 x Double Bedrooms one with En-suite,  Family Bathroom.  Double Glazing.  Store Cupboard and Patio Garden.   Earning £650 - 4 weekly.

 

Ground Floor:  Flat 4 and 5

 

Flat 4:  Lounge/Dining Room/Kitchen, Double Bedroom with built-in wardrobe.  Bathroom with shower.  Double Glazing.  Tenanted earning £420 - 4 weekly

 

Flat 5: Lounge/Dining Room/Kitchen, Double Bedroom, Bathroom with shower. Hallway. Double glazing.   Tenanted earning £420 -  4 weekly

 

First Floor:  2 & 3 & 7

 

Flat 2:  Second Floor: Lounge, Kitchen/Dining Room, Double Bedroom with dressing room or small bedroom.  Bathroom with shower. Double glazing. Hallway.  Tenanted earning £440  - 4 weekly

 

Flat 3:  Flat 5, Lounge/Dining Room, Kitchen, Double Bedroom, Bathroom with shower Hallway.  Double glazing.  Tenanted earning £440 - 4 weekly 

 

Flat 7:  Bedsit, Single Bedroom, Lounge, Kitchen, Bathroom with bath. 

Tenanted earning £216 - 4 weekly

 

Second Floor

 

Flat 1: 

Kitchen, Lounge, Bedroom and Bathroom - Tenanted earing £420.00 - 4 weekly

 

Outside: 

Rear of property:  Car park with 8 parking spaces.  

14’x10’ Storage shed and 3 Small Store Cupboards.

 

Income from rents currently: £39,078. Water and gas are paid by Landlord. 

 

Flat 6:  Could be split into 2 separate units with planning permission increasing rental income.