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Our Summary
- Scope To Refurbish and Add Value to the Upper Floor Accommodation
- Scope to Refurbish & Add Value to the Upper Floor Accommodation
- The flat is vacant and would benefit from some refurbishment
- Potential to be converted into a utility room
- The lease provides for rent reviews to RPI, subject to a minimum uplift of 1% and a maximum uplift of 3% at each review
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Description
The property is a mixed-use building located on Torquay Road, with a ground floor retail shop let to New Ability (Torbay) Limited and upper floor self-contained three-bedroom flat. The retail shop has a frontage of 6.59m, a width of 12.31m, and a depth of 13.69m, making the gross area approximately 129m². The flat is accessed via an external metal staircase and has separate rooms including an entrance porch, kitchen, hall area, bathroom, WC, two bedrooms, a lounge, and a loft area with storage.
The flat has a large patio balcony and is separately metered for utilities, with gas central heating in the flat. There is also a garage, parking space, and storage sheds at the rear of the property.