Studio flat for sale

The property is situated in Madrepore Road, slightly elevated but very close to Torquay town centre and less than half a mile from the seafront. The property comprises a three storey late Victorian end terraced house, which was converted into three flats in 1993 (planning reference P/1993/0218). Each of the three flats has separate metered supplies for gas, electricity, and water. They each have individual gas fired central heating systems and uPVC double glazed windows. To the side, there is parking for three vehicles and a small, raised garden area. The first and second floor flats have been renovated in recent years and run as holiday lets for the last 18 months. Last year, the two holiday lets generated a combined gross income of £27,673. The ground floor flat is let to an established tenant, who is paying £550pcm. Offered for sale in good condition throughout this is great opportunity for parties looking for an established holiday let investment in a central Torquay location.

GROUND FLOOR

FLAT 1
Let to a long-term tenant on an AST at £550 per calendar month.

HALLWAY

KITCHEN - 4' 11'' x 14' 11'' (1.49m x 4.55m)

LIVING ROOM - 15' 6'' x 13' 4'' (4.73m x 4.06m) (max)

BEDROOM - 10' 8'' x 12' 8'' (3.25m x 3.85m) (max)

BATHROOM - 5' 2'' x 10' 4'' (1.57m x 3.16m)
Bath with electric shower over, WC and wash hand basin.

GROSS INTERNAL AREA 42m2

COMMUNAL ENTRANCE
Stairs up to Flats 2 & 3.

FIRST FLOOR

FLAT 2 (13A MADREPORE ROAD)
Currently run as a holiday let.

HALLWAY

LIVING ROOM - 12' 8'' x 10' 7'' (3.87m x 3.22m)

KITCHEN - 6' 0'' x 10' 7'' (1.83m x 3.22m)

BEDROOM - 8' 8'' x 9' 7'' (2.65m x 2.93m)

EN-SUITE BATHROOM
Bath with electric shower over, WC and wash hand basin.

GROSS INTERNAL AREA 35m2

SECOND FLOOR

FLAT 3 (13B MADREPORE ROAD)
Currently run as a holiday let.

HALLWAY

LIVING ROOM - 10' 11'' x 11' 7'' (3.33m x 3.54m)
Open to:-

KITCHEN - 10' 0'' x 6' 1'' (3.04m x 1.85m)

BEDROOM - 10' 11'' x 12' 3'' (3.32m x 3.73m) (average)

BATHROOM - 5' 5'' x 6' 1'' (1.64m x 1.85m)
Bath with electric shower over, WC and wash hand basin.

GROSS INTERNAL AREA 37m2

EXTERIOR
To the side of the property, there is a car park for three vehicles, and a small area of garden.

EPC RATINGS
13 Madrepore Road - D.13A Madrepore Road - D.13B Madrepore Road - D.

COUNCIL TAX BAND
13 Madrepore Road - A.13A Madrepore Road - A.13B Madrepore Road - A.

VIEWNG
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.

Council Tax Band: A
Tenure: Freehold