Studio for sale

Abbey Road, Torquay TQ2

Description

In need of some refurbishment and an Ideal purchase for buy to let investment or first time buyer is this first floor studio apartment situated close to the town centre and sea front which is accessed through a secure communal entrance.

The apartment is situated at the rear of the building away from the road and consists of a spacious open plan lounge / kitchen / bedroom and shower room.

The property is currently rented for £5400 per annum, is within walking distance of the town centre.

Council Tax Band: A (Torbay Council)
Tenure: Leasehold (123 years)
Ground Rent: £150 per year (reviewed every 1 years)
Service Charge: £1,512 per year (reviewed every 1 years)

Entrance

Accessed through a secure communal entrance into enclosed communal hallway and stairs leading to the door providing as access to the flat

Lounge (4.39m x 5.74m)

Large open plan bed/sitting room/kitchen with UPVC double glazed window overlooking the rear aspect, corner kitchen area with a range of wall and base units, stainless steel sink and drainer with mixer tap and space for cooker and fridge freezer and a door leading to:

Bathroom

Fitted shower room with square shower enclosure with electric shower, pedestal washi hand basin and low level cistern and pan.

Please Note

Currently tenanted to a long term tenant at a monthly rent of £450 pcm or £5400 per annum.

To discuss the tenancy or for information on management of the tenancy, please contact the agent.

Material Information

Property type:
First Floor Flat

construction:
Standard Construction

source of heating:
Electric

source of electric supply:
Mains

source of water suppy:
Mains

sewerage:
Mains

broadband connection:
Copper Cable

mobile signal/coverage:
Likely to have good coverage (Ofcom)

parking:
None

building safety issues :
None known

rights & restrictions:
None known

flood & erosion risk:
None Known

planning permission / development proposals:
None Known

property accessability / adaptions:
None

coalfield or mining area:
No

tenure:
Leasehold

length of lease:
125 Years from 1st August 2022

annual ground rent:
£150.00

ground rent review period:
Tbc


Annual service charge:
£1512.00

service charge review period:
Annually

council tax band:
A


Energy performance rating:
E

Viewings

Viewings by appointment only.

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Disclaimer: These particulars have been prepared with care and every endeavour has been made to describe the property fairly and accurately although this cannot be guaranteed. They do not constitute part or all of an offer or contract. The measurements are supplied for guidance purposes only and prospective purchasers are advised to double check them before incurring any expense which is reliant upon their accuracy. We have not tested any apparatus, equipment, fixtures, fittings or services and purchasers must satisfy themselves as to their working condition. Under the Money Laundering Regulations purchasers will at a later stage be asked to provide identification documents. In order to make sure there is no delay in agreeing a sale, we would ask for co-operation.