4 bed block of flats for sale

Warren Road, Torquay TQ2

Description

The chain free property comprises three independent residential units arranged as follows:
* Two self-contained two-bedroom flats
* One self-contained one-bedroom flat
* Five bedrooms in total

The building further benefits from an adjoining passageway and parking located adjacent to the property.

Current Tenancy Position
Two of the three flats are presently let, providing immediate rental income:
* Flat 2: £550 per calendar month
* Flat 3: £450 per calendar month

Projected Rental Income
Based on prevailing market conditions and comparable local rentals:
* Two-bedroom flats: £800-£900 pcm (each)
* One-bedroom flat: £700-£750 pcm

Estimated Gross Income:
* Monthly: Approximately £2,350-£2,550
* Annual: Approximately £28,200-£30,600

Gross Yield (based on £200,000 purchase price):
* Approximately 14.1% - 15.3%

All figures are provided for guidance only and interested parties are advised to conduct their own independent due diligence.

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Key Investment Features
* Freehold block comprising three self-contained flats
* All units rated EPC D
* Strong unit mix: 2 × two-bedroom, 1 × one-bedroom
* Five bedrooms in total
* Attractive double-digit gross yield potential
* Established rental demand area
* Scope for refurbishment and rental growth
* Suitable for buy-to-let investors, portfolio landlords, developers and cash buyers

Council Tax Band: Tbc
Tenure: Freehold

Flat 3

Entrance Vestibule

Private entrance to the rear of the property, opening up to a small courtyard.

Hall

Enter through the front door into the Hall. Vinyl flooring.

Bathroom (7.00' x 7.33')

Tiled floor. Three piece suite comprising: Low-level WC; Pedestal wash-basin and a panel-enclosed bath with shower over. Double-glazed obscured window to the rear aspect.

Bedroom (11.25' x 9.50')

Single bedroom with an obscured double glazed window to the rear aspect. Long single panel radiator. Vinyl flooring.

Kitchen (10.17' x 8.25')

Large double-glazed window to the side of the property over-looking the Courtyard. A range of wall units and base units with work-surfaces over. Stainless steel sink/drainer. Plumbing and space for a washing machine. Electric hob. Electric oven. Tiled floor. Wall-mounted radiator. Access through to the Living Room.

Living Room (12.0' x 9.5')

Two uPVC double-glazed windows over-looking the private Courtyard. Wall-mounted radiator. Laminate flooring.

Flat 1

Communal Entrance

Via the Main Entrance. The Communal Entrance hall has carpet flooring and has access to Flat 1 and Flat 2.

Kitchen/Diner/Lounge (12.42' x 12.00')

Carpet flooring throughout. Large double-glazed uPVC window overlooking the front aspect. Large single radiator. Electric points.

The Kitchen area comprises: A range of wall and floor units with work-surfaces over. Electric points. Electric oven and hob.

Bedroom (12.75' x 11.25')

Large double-glazed uPVC window to the rear aspect with single wall-mounted radiator under. Electric points. Cupboard housing the Glo-Worm Combi-boiler.

Access to en-suite Shower Room.

Ensuite Shower Room (6.25' x 5.00')

Low-level WC. Shower cubicle. Ingle radiator. Tiled walls. There is also a Wash-basin which will need to be wall-fitted and plumbed in.