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Studio, in Torquay TQ2, £65,000
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0 bed property

Torquay TQ2
£65,000

Our Summary

  • Well Presented & Easily Managed Investment Opportunity

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Description

The property is located on Tor Hill Road in central Torquay and comprises a shop and two residential ground rents. The shop, located on the ground floor, is a lock-up unit with a retail area of approximately 31.5m2, a store room, and staff wc's. The shop is tenanted for £6,000 per annum on a 4-year lease starting in April 2026.

Above the shop, there are two self-contained, two-bedroom residential flats, each sold on a 125-year lease commencing in April 2019. Each flat has a ground rent of £200 per annum and contributes to one-third of the cost of insurance, repairs, and maintenance. The property is owned freehold and is being sold for £65,000 with EPC ratings of C for the shop and D for the flats.