5 bed block of flats for sale

Rock Road, Torquay TQ2

Description

Presenting to your consideration an exceptional property opportunity. This is a block of flats for sale, in good condition, situated in the heart of the town centre. The properties comprise of aone bedroom flat and two two bedroom flats - three fully equipped kitchens and three spacious reception rooms. Additionally, the flats features three well-maintained bathrooms/shower rooms.

The unique selling point of this property is its potential for investment, as it currently houses three flats within the building. There is a one-bedroom flat and two flats with two bedrooms each. All flats are double glazed and come with gas central heating, adding to the comfort and efficiency of the property.

Furthermore, the property comes with the added value of having happy tenants already in place. Current rental income totals £2035 per month, offering an immediate return on investment. The property is not subject to ground rent and has a minimal service charge, making it a financially sound investment.

In terms of location, the property benefits from a town centre location, offering easy access to local amenities, transport links, and a vibrant community.

Tenure: Leasehold

Communal Entrance

Door to front, carpet flooring, stairs to all floors.

Flat 2

Entrance Hall

Intercom to the communal front door, carpet flooring and doors to two bedrooms, bathroom and lounge kitchen.

Lounge/Kitchen (13.7' x 7.2')

Has a double glazed window to the front aspect which has views over the town area, carpet flooring, radiator, chimney breast with a decorative fire insert, there is a gas point which is currently disconnected, storage cupboard to one side of the chimney breast, TV point, power point and the open plan kitchen which has matching wall and base level work units with roll top work surface, stainless steel sink and drainer with mixer tap, appliance space for fridge and built in electric oven with four ring gas hob and stainless steel cooker hood, part tiled walls.

Bedroom 1 (13.17' x 8.17')

Double glazed window to the front aspect with similar views from the living room, radiator, carpet flooring and space for wardrobe.

Bathroom

A three piece suite comprising of a pedestal wash hand basin with mixer tap, low level wc, panel enclosed bath with shower, tiled walls, extractor fan, skimmed ceiling with downlights, tiled flooring and heated towel rail.

Bedroom 2 (7' x 11')

Has double glazed window to the rear aspect, carpet flooring, radiator, power points and a built in cupboard housing the boiler.

Flat 3

Entrance Hall

Carpet flooring, doors to one bedroom, shower room, lounge and kitchen.

Kitchen (6.7' x 12.8')

Matching wall and base level work units with roll top work surfaces, stainless steel sink and drainer with mixer tap, appliance space for cooker, fridge freezer and washing machine, laminate flooring, intercom, radiator, part tiled walls, double glazed window to the front aspect.

Living Room (10.9' x 11.6')

Has double glazed window to the front aspect, carpet flooring, radiator, TV point, telephone point, wall lights and has a decorative cast iron feature fireplace with a wooden mantle with a recess storage cupboard next to the chimney breast.

Shower Room

Acts as a wet room comprising of a shower cubicle with electric shower, low level wc, pedestal wash hand basin, tiled walls, extractor fan, skimmed ceiling with downlights and chrome ladder style heated towel rail.

Bedroom (8.9' x 11.3')

Has a double glazed window to the rear aspect, carpet flooring, radiator and a cupboard housing the boiler.

Flat 4

Entrance Hall

Doors from the communal landing, recess storage space for a washing machine, carpet flooring, doors to two bedrooms, lounge and kitchen and bathroom.

Kitchen (5.5' x 6.9')

Has matching wall and base level work units with roll top work surfaces, stainless steel sink and drainer with mixer tap, built in electric oven and hob with cooker hood, intercom to the communal door, appliance space for fridge, part tiled walls, skimmed ceiling and downlights.

Living Room (11.1' x 12.6')

Has a double glazed window to the front aspect, radiator, carpet flooring, feature fireplace with cast iron fireplace and wooden mantle, power points.

Shower Room

A three piece suite comprising of a shower cubicle with shower, pedestal wash hand basin, tiled walls, extractor fan, skimmed ceiling with downlights and tiled flooring.

Bedroom 1 (7.4' x 12.7')

Has a double glazed window to the front aspect, carpet flooring and radiator.

Bedroom 2 (7.2' x 9.2')

Has a double glazed window to the rear aspect, carpet flooring, radiator and a built in cupboard housing the boiler.

Agency Notes

All three properties have tenants in situ and we are looking to sell this property to an investor to retain all three tenants in the three apartments .