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Torquay: Residential Investment Premises comprising 4 One Bedroom and 5 Studio Flats with ample Car Parking on a site of approximately 0.20 of an Acre, with Development Potential

Offers in excess of £565,000

Size approx. 0.20 Acres


Key features

    • Well located Investment Premises
    • Comprising 4 one bed flats and 5 Studio Flats
    • Rental income of over £45,700 per annum
    • Spacious site of 0.2 of an Acre

Description

This is an unusual opportunity to acquire a substantial Period Residential Investment premises in a prominent location in Shedden Hill Road, just a short walk from the Sea Front area in the centre of Torquay.

The site is a substantial level site totalling approximately 0.20 of an Acre and offers ample Car Parking for the flats. The property is in a mainly residential area with a range of period houses and other properties converted to flats and apartments, with the adjoining site being a church. The site was converted to flats many years ago and is unusual in that each floor has its own access so no more than 3 flats are accessed from any common entrance. The premises are also suitable for a possible Residential redevelopment, subject to the usual consents.

Property Address

St Moritz, Shedden Hill Road, Torquay, Devon, TQ2 5NX  [Ref: 0437]

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