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Meadfoot Road, Torquay TQ1 10 bed detached house for sale
Meadfoot Road, Torquay TQ1
£625,000
Meadfoot Road, Torquay TQ1
£625,000
Our Summary
- This unique investment opportunity features eight fully tenanted apartments, ranging from one to two bedrooms
- While the property could benefit from some tlc, this is reflected in the competitive pricing
- Current Gross Annual Turnover currently is £53,000 however there is scope to push this too £63,000 Per annum if the owners accomodation was let
- Early viewing is essential to appreciate the size, location and potential it offers
- Property requires some updating but has the potential with the right consent to change to residential use or stay as business
Description
This charming listed period property, located near Daddyhole Plain and Meadfoot Beach, offers a unique investment opportunity with eight fully tenanted apartments ranging from one to two bedrooms. While the property requires some TLC, the competitive pricing reflects this. The property features a mix of apartments, including a current owner's accommodation with a lounge/dining, kitchen, two bedrooms, and bathroom. There's also a washing room for occupiers' use. The current gross annual turnover is £53,000, but there's potential to increase this to £63,000 per annum if the owner's accommodation is let, or the property could be owner-occupied. This is a fantastic opportunity for investors or those looking for a unique property to renovate and make their own.