• INVESTMENT OR HOME & INCOME +
• WALKING DISTANCE TO WELLSWOOD AND TORQUAY HARBOUR +
• ARRANGED AS 6 APARTMENTS AND LINKED 2 BEDROOM BUNGALOW +
• CELLAR +
• EPC'S - C & D +
• EACH APARTMENT HAS A PARKING SPACE +

GUIDE PRICE £700,000 - £750,000
Investment opportunity – Substantial Victorian Residence in Torquay
An exceptional opportunity to acquire an impressive Victorian residence arranged as six self-contained apartments together with a linked two-bedroom bungalow, offering a rare blend of lifestyle and income potential in the highly regarded coastal town of Torquay.

OverviewThe property comprises:
-One two-bedroom apartment
-Three one-bedroom apartments
-Two studio apartments
-Attached two bedroom bungalow

The property has been meticulously maintained and has been in the same ownership for approximately 24 years. This is a well-established, income-producing asset with a proven track record and long-standing tenancies, presenting an ideal opportunity for investors.

Two bedroom bungalow -light and airy two bedroom bungalow with double aspect living room, fitted kitchen with adjoining dining space, bathroom with white suite, laundry room and private courtyard .

The apartments - each of the six apartments is self-contained and individually metered, offering well-proportioned accommodation including open-plan living/kitchen areas, double bedrooms (where applicable), and shower rooms. Several units enjoy dual aspects, enhancing natural light and tenant appeal.

Cellar & storage - a useful cellar area, divided into four sections, provides excellent storage or workshop space, with lighting, power, and approximately 1.92m head height.

Outside - The property benefits from a generous driveway and parking area to the side ensuring each property has its own parking space, with established shrubbery. A bin store is located to the front of the building.

The gross annual income is £61,620 for all units combined. The next rental increase is due in May.

Location Ideally positioned within the sought-after Lincombes Conservation Area, the property enjoys close proximity to the popular village-style amenities of Wellswood, while local shops at Lisburne are just a short stroll away. At the base of the hill lies Torquay’s vibrant harbourside, offering an array of waterside restaurants and bars, boutique and high street shopping, the renowned Princess Theatre, and excellent marina and mooring facilities.