Property photos
Just added
Freehold
£200,000
Block of flats for sale
Melville Street, Torquay TQ2Local area information
Property location
Nearby amenities
- EF Academy Torbay 0.3 miles
- Torquay - North Quay 0.3 miles
- Torquay Harbour Boarding Pontoon 0.4 miles
- Ellacombe Church of England Academy 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Torquay to find out more about the local area.
Features and description
- Freehold
- Freehold Residential Investment Opportunity
- Arranged as Two 1-Bedroom and a 1-Bedroom House
- Fully Let Producing Over 10% Gross Return
- Centrally Located Close to Torquay Town Centre and Harbourside
- No Gas - Each Unit with Individual Electric & Water Supplies
Freehold Residential Investment Opportunity. Fully Let Producing Over 10% Gross Return.
The property is located on Melville Street, a popular residential street positioned just a short walk from Torquay’s town centre and Harbourside. This location is highly convenient for tenants, offering easy access to shops, restaurants, bars, the seafront and public transport links.
Flats 3,4 & 5, Travis House represent an excellent opportunity to acquire a fully let, freehold residential investment. The property is arranged as three self-contained 1-bedroom units, with two flats and one house.
The freehold includes Flats 3,4 & 5, with Flats 1 & 2 Travis House being separately owned under long leasehold titles. The long leaseholders of Flats 1 & 2 contribute towards the building’s insurance and maintenance costs, helping to offset the landlord’s outgoings.
All three units are currently tenanted on Assured Shorthold Tenancies (ASTs. The building is free from gas supply with each flat having its own water and electricity connections.
Tenure
The property is offered for sale Freehold, subject to the existing Assured Shorthold Tenancies on each flat and the long leasehold interests on Flats 1 & 2.
Rent Schedule
• Flat 3: £650 pcm.
• Flat 4: £375 pcm.
• Flat 5: £500 pcm.
Current total confirmed income: £1,150 pcm (with Flat 4 tbc).
Sale Price
An asking price of £200,000.
Legal Costs
Each party will be responsible for their own legal costs incurred in the transaction.
Council Tax
All three flats are rated Council Tax Band A.
EPC Ratings
Flat 3: Rating E.
Flat 4: Awaited.
Flat 5: Rating C.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
The property is located on Melville Street, a popular residential street positioned just a short walk from Torquay’s town centre and Harbourside. This location is highly convenient for tenants, offering easy access to shops, restaurants, bars, the seafront and public transport links.
Flats 3,4 & 5, Travis House represent an excellent opportunity to acquire a fully let, freehold residential investment. The property is arranged as three self-contained 1-bedroom units, with two flats and one house.
The freehold includes Flats 3,4 & 5, with Flats 1 & 2 Travis House being separately owned under long leasehold titles. The long leaseholders of Flats 1 & 2 contribute towards the building’s insurance and maintenance costs, helping to offset the landlord’s outgoings.
All three units are currently tenanted on Assured Shorthold Tenancies (ASTs. The building is free from gas supply with each flat having its own water and electricity connections.
Tenure
The property is offered for sale Freehold, subject to the existing Assured Shorthold Tenancies on each flat and the long leasehold interests on Flats 1 & 2.
Rent Schedule
• Flat 3: £650 pcm.
• Flat 4: £375 pcm.
• Flat 5: £500 pcm.
Current total confirmed income: £1,150 pcm (with Flat 4 tbc).
Sale Price
An asking price of £200,000.
Legal Costs
Each party will be responsible for their own legal costs incurred in the transaction.
Council Tax
All three flats are rated Council Tax Band A.
EPC Ratings
Flat 3: Rating E.
Flat 4: Awaited.
Flat 5: Rating C.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Floor plans and tours
Floor plans (2)
More information
Listed by
Bettesworths Commercial
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