This is a unique investment opportunity to purchase a classic Victorian residence, comprising five self-contained one-bedroom flats, located in a convenient area of Torquay, approximately half a mile from the seafront. The property has been owned by the current owner for over 33 years and has been generating a gross income of around £40,000 per annum. The flats are currently let on assured shorthold tenancy agreements, with the existing tenants willing to remain. The property offers a mix of open-plan living areas, generous bedrooms, and separate bathrooms, with each flat having its own private access. The property also benefits from a communal garden, patio, and driveway parking. With potential to revert or redesign the building to meet an individual buyer's requirements, this property presents an established investment as an ongoing concern or an opportunity to live in part whilst generating some rental income.