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16 bedroom detached house for sale
Morgan Avenue, Torquay TQ2
£1,100,000
Morgan Avenue, Torquay TQ2
£1,100,000
Our Summary
- This property is Arranged Over Four Floors with the Potential for Large Family Home (STPP)
- Exceptional 30 person Licensed HMO 16 studios + 4 separate flats - High-Yield Investment Opportunity - Morgan Avenue, Torquay
- 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
Description
This exceptional 30-person licensed HMO is situated in a prime location on Morgan Avenue, Torquay, and offers a high rental yield, making it an attractive proposition for investors seeking strong returns. The property is well-maintained and features a mix of en-suite and shared facilities, ensuring a comfortable living environment for tenants. With 16 studios and 4 separate flats, each with its own kitchen, the property has been designed for low running cost efficiency and long-term occupancy. Additionally, there is excellent potential for conversion, subject to necessary planning consents, making it a versatile investment with significant scope for capital appreciation.