Croft Road, Torquay

An established end of terraced building consisting of five residential flats. The building is situated on the junction of Croft Road/Lucius Street and is close to local shops, amenities, and bus links. Town Centre and the sea front are just a short walk away.

Overall, the property is in very good order. All the EPC’s and electrics are compliant and there is a fully working and compliant fire detection system.

Four flats sit within the main house and the 5th has its own access to the rear. They consist of one x three bedroom flat, two x one-bedroom flats and two x studio flats. Currently Flat 4 is empty at time of drafting these details. When fully let the annual income is approximately £26,500 per annum with room for an uplift on the rents in the future.

Currently there are electric sub meters servicing each flat from the main meter. The waters rates are included in the rent and the economy 7 heating for Flat 5 is also included in the rent. The building has been owned by the current landlord for many years and the building has proven to be a successful investment. Genuine vendor reason for selling on. Details of the rents, breakdown of costs and certification are available on request.

Flat 1
One-bedroom lower ground floor flat – EPC: D

Flat 2
One-bedroom ground floor flat – EPC: D

Flat 3
Ground floor studio flat – EPC: D

Flat 4
Ground floor studio flat – EPC: D

Flat 5
Three-bedroom first floor flat – EPC: D

Each flat has a council tax banding of A

Viewing Recommended. An excellent btl opportunity with immediate income upon completion.

Interested?