£69,950

1 bed flat for sale
Torquay TQ2

    • 1 bed

    • 1 bath

  • Freehold

Added on

Quartico Investments

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About this property

    A rare opportunity to acquire a fully refurbished boutique holiday studio apartment in the heart of Torquay, just a four-minute walk from the vibrant harbour and marina.

    Positioned within one of the UK's most established seaside destinations, this investment benefits from year-round visitor demand, with approximately 4.5 million visitors to the English Riviera each year and an exceptionally high level of repeat tourism.

    Each apartment has been finished to a high standard and is sold fully furnished, allowing owners to benefit from a turnkey investment with no refurbishment required. The apartments are professionally managed, providing a completely hands-off ownership experience.

    Projected net returns of 12.5%–15% are based on conservative income assumptions using an average nightly rate of £80, significantly below the current local market average, offering potential for increased returns as occupancy and room rates grow.

    Additional benefits include:

    Prices from £69,950
    Fully refurbished boutique studio apartment
    Furniture included
    Professional management
    No ground rent
    No Stamp Duty payable (subject to individual circumstances)
    Share of freehold to be transferred once all apartments have been sold

    Ideally located within walking distance of Torquay's most popular attractions, including Torquay Harbour & Marina, Torre Abbey, Meadfoot Beach, Cockington Village, Kents Cavern, Dinosaur World and Torquay Railway Station.

    With traditional buy-to-let legislation continuing to evolve, this professionally operated short-term accommodation investment offers an attractive alternative for investors seeking strong income potential in a well-established coastal tourism market.

    Contact us today for the latest availability, projected income figures and full investment information.

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    Property descriptions and related information displayed on this page are marketing materials provided by - Quartico Investments. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Quartico Investments for full details and further information.