Meadfoot Lane, Torquay, TQ1 2BW

A fully let freehold investment property comprising four self-contained apartments within a semi-detached grade II listed property.

The block is a freehold while each apartment is held on a 999-year lease from 2006, offering excellent long-term security and financing flexibility.

The property also includes a garage with rental income. All apartments are on Assured Shorthold Tenancies (ASTs) with established tenants, generating a combined rental income of approx.

£32,220 per annum. Apartments 1, 2, and 4 have recently undergone full refurbishment.

With a location near Torquay's waterside and town centre, the property is in a highly desirable location for prospective tenants.

A bustling harbour side is located nearby, offering a variety of amenities, including restaurants, cafes, and local attractions.

In addition, Torre Abbey and The Princess Theatre are both situated close to the property, as well as Torquay's deep-water marina.

Apartment 1: This apartment features a stepped entrance that leads to a private door and reception area. A flight of stairs leads to apartment 1, which is located on the first floor.

The apartment occupies the entire top floor and features a spacious living room with a picturesque view of the surrounding area, a kitchen, a large bathroom, a double bedroom, and a separate W/C.

Current rent: £710pcm Council tax band: A EPC: E Apartment 2: The apartment is situated on the side of the property and can be accessed via a shared courtyard.

It has a private entrance door leading to the kitchen, which connects to a sitting room with a shower room attached. The sitting room provides access to a double bedroom.

Current rent: £725pcm Council tax band: A EPC: E Apartment 3: The apartment is accessible through a private entrance located on the side of the property.

From this central area, there is a living room and bedroom that are open plan, as well as a kitchen and a bathroom.

Current rent: £525pcm Council tax band: A EPC: E Apartment 4: The apartment can be accessed via a stepped approach leading to a shared courtyard on the side of the property.

With no neighbours above or below, it offers the privacy of a compact bungalow.

A private entrance door leads into an open-plan living room and kitchen, while a good sized bedroom can be reached from the living room and a bathroom can be accessed from the kitchen.

Current rent: £625pcm Council tax band: A EPC: E Garage: At the front of the building, there is a garage that is equipped with lighting and electricity.

An up-and-over door gives access to the garage.. Current rent: £100pcm Annual Total: £32,220 Tenure: Freehold