>
32 Cleveland Road, Torquay TQ2 Block of apartments for sale
32 Cleveland Road, Torquay TQ2
£450,000
32 Cleveland Road, Torquay TQ2
£450,000
Our Summary
- TENANCIES Garden Flat - £975 PCM - Occupied under an AST, dated xx
- Flat 1 - £525 PCM - Occupied under an AST, dated xx
- Flat 2 - £725 PCM - Occupied under an AST, dated xx
- Flat 3 - £595 PCM - Occupied under an AST, dated xx
- Flat 4 - £580 PCM - Occupied under an AST, dated xx
- Current Income of £40,800 Per Annum with Scope for Future Rental Growth
Description
This property is a block of five self-contained residential flats located on Cleveland Road in Torquay, Torre area. The flats, consisting of one 2-bedroom, three 1-bedroom, and one studio flat, are situated in a Victorian villa with a substantial car park and garden area. The property is conveniently located near Torquay seafront, Torre, and Torquay town center, with easy access to nearby roads and public transportation. The flats are individually managed and have independent utility supplies, private parking spaces, and are let out under Assured Shorthold Tenancies. The current monthly income is £3,400, with each flat having its own utility contracts and costs. The property is being sold due to the owner's retirement and is a great investment opportunity.