16 bed detached house for sale

Morgan Avenue, Torquay TQ2

Summary
Fully Licensed HMO, Perfect For Investors with a High Rental Yield. This property is Arranged Over Four Floors with the Potential for Large Family Home (STPP).

Description
Exceptional 30 person Licensed HMO 16 studios + 4 separate flats - High-Yield Investment Opportunity - Morgan Avenue, Torquay

An outstanding opportunity to acquire this fully licensed, situated in a prime location on Morgan Avenue, Torquay. Arranged over four floors, this substantial property boasts a high rental yield, making it an attractive proposition for investors seeking strong returns. Gross Revenue £132k pa including recharged electricity

The property is well-maintained and offers a mix of en-suite and shared facilities, ensuring a comfortable living environment for tenants. Each flat/Studio has its own kitchen, 4 studios share a WC and Shower on the ground and first floors. The HMO is designed for low running cost efficiency and long-term occupancy.

Additionally, there is excellent potential for conversion, subject to the necessary planning consents. Whether for redevelopment, reconfiguration, or further enhancement, this property presents a versatile investment with significant scope for capital appreciation.

19 Morgan Avenue
19 morgan avenue

Parking for 1 car

Lower Ground Floor:
Boiler Room & large Landlord's Storage Room

Flat 20
Hallway
Lounge 9' 7" x 16' 5" (2.92m x 5.00m)
Fully fitted and equipped Kitchen -
11' 5" max x 13' 6" max (3.48m max x 4.11m max)
Bedroom 11' 2" x 15' 2" (3.40m x 4.62m)
Bath, Shower, WC and wash hand basin
Outside patio area

Ground Floor:

Studio 11 -
14' 1" inc Bay window x 17' 3" (4.29m inc Bay window x 5.26m)
Fully fitted and equipped Kitchen

Studio 12 -
14' 2" x 15' 2" (4.32m x 4.61m)
Fully fitted and equipped Kitchen

Studio 13
11' 1" x 14' 4" max (3.37m x 4.36m max)
Fully fitted and equipped Kitchen

Studio 14
12' 7" x 12' 9" (3.84m x 3.89m)
Fully fitted and equipped Kitchen
5' 6" x 15' 7" max (1.68m x 4.75m max)
WC and wash hand basin

Communal WC + Shower
Communal Washing Machine & Drier

First Floor:

Studio 15 -
11' 1" x 14' 4" max (3.37m x 4.36m max)
Fully fitted and equipped Kitchen

Studio 16 -
14' 2" x 15' 2" (4.32m x 4.61m)
Fully fitted and equipped Kitchen

Studio 17
14' 1" x 18' max (4.28m x 5.49m inc Bay window max)
Fully fitted and equipped Kitchen

Studio 18
Lounge 12' 7" x 18' 4" (3.84m x 5.6m)
Fully fitted and equipped Kitchen
5' 6" x 15' 7" max (1.68m x 4.75m max)
Bedroom 12' 3" x 12' 9" (3.74 inc fitted wardrobe x 2.95)
WC and wash hand basin.

Communal Shower
Communal WC

Second Floor:

Flat 19 (could be converted to 2 bedroom flat with stud partition wall)
Hallway
Lounge - Irregular Shaped Room 13' 7" x 23' 7" (4.14m x 7.19m)
Fully fitted and equipped Kitchen + Dining Room
13' 1" x 11' 1" (3.99m x 3.38m)
Bedroom 7' 8" x 15' 3" + built in wardrobes (2.34m x 4.65m + built in wardrobe)
Bath, Shower, WC and wash hand basin.

21 Morgan Avenue
21 morgan avenue

Parking for 2 cars

Lower Ground Floor:

Flat 10
Lounge 12' 4" x 16' 5" (3.76m x 5.00m)
Fully fitted and equipped Kitchen -
12' 2" max x 9' max (3.72m max x 2.75m max)
Bedroom 7' 3" x 17' 5" (2.20m x 5.31m + fitted wardrobe)
Bath, Shower, WC and wash hand basin
Outside patio area

Ground Floor:

Studio 1 -
14' 1" inc Bay window x 17' 3" (4.29m inc Bay window x 5.26m)
Fully fitted and equipped Kitchen

Studio 2 -
14' 2" x 15' 2" (4.32m x 4.61m)
Fully fitted and equipped Kitchen

Studio 3
11' 1" x 14' 4" max (3.37m x 4.36m max)
Fully fitted and equipped Kitchen

Studio 4
12' 7" x 12' 9" (3.84m x 3.89m)
Fully fitted and equipped Kitchen
5' 6" x 15' 7" max (1.68m x 4.75m max)
WC and wash hand basin

Communal WC + Shower
Communal Washing Machine & Drier

First Floor:

Studio 5 -
11' 1" x 14' 4" max (3.37m x 4.36m max)
Fully fitted and equipped Kitchen

Studio 6 -
14' 2" x 15' 2" (4.32m x 4.61m)
Fully fitted and equipped Kitchen

Studio 7
14' 1" x 18' max (4.28m x 5.49m inc Bay window max)
Fully fitted and equipped Kitchen

Studio 8
Lounge 12' 7" x 18' 4" (3.84m x 5.6m)
Fully fitted and equipped Kitchen
5' 6" x 15' 7" max (1.68m x 4.75m max)
Bedroom 12' 3" x 12' 9" (3.74 inc fitted wardrobe x 2.95)
WC and wash hand basin.

Communal Shower
Communal WC

Second Floor:

Flat 9
Hallway -
Lounge - 13' 7" x 12' (4.14m x 3.65m)
Fully fitted and equipped Kitchen + Dining Room
13' 1" x 11' 1" (3.99m x 3.38m)
Bedroom 1 - 7' 8" x 15' 3" + built in wardrobes (2.34m x 4.65m + built in wardrobe) + wash hand basin
Shower, WC and wash hand basin

Bedroom 2 - 10' 4" x 11' 5" + built in wardrobes (3.16m x 3.47m)
Shower, WC and wash hand basin

Benefits
Master Key for all flats/studios
New Alarm system in all flats/studios
New Smoke detectors in all flats/studios
New Emergency lights in all flats/studios
New Top-up meters in all flats/studios
New Electricity Counters
New Electric hot water kitchen tap in 15 out of 20 kitchens
New Washing machines & Fuseboards in Laundry rooms
New coin meters in Laundry rooms
Fibre Cable WiFi with mesh network
New 10Kw solar panels
New 64kw Vaillant boiler
New felt flat roof with lead flashing on lower ground floor flats
Central heating is centrally provided, but each flat/Studio pays for its own electricity

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.