Property for sale in Teignmouth

Property - £599,000

Teignmouth

First listed on: 28th May 2020

Nearest stations: Teignmouth (0.1 mi)Dawlish (2.7 mi)Dawlish Warren (4.3 mi)Newton Abbot (4.7 mi)Torre (5.5 mi)

Interested in this property? Call See phone number 01803 212021

Property Features

  • A Substantial Victorian Property Arranged as 12 Residential Flats
  • Rent of 415 Per Calendar Month Each - Potential Income of 59,760 Per Annum
  • Development Potential to Create Independent Flats
  • Great Location Close to Town Centre and Seafront
  • Highly Recommended Residential Investment 10% Gross Yield

Property Description

Tenure: Freehold

The property comprises a substantial corner property occupying a great location, close to the town centre and seafront.

The property comprises 12 residential flats which are let on Assured Shorthold Tenancy Agreement at £415 per calendar month, giving a gross potential income of £59,760 per annum.

The building was extensively repaired in recent years following a fire and now offers purchasers an excellent residential investment opportunity to continue running in its current arrangement. Alternatively as the property already enjoys planning for residential flats it may be possible to divide and sell the flats separately. Whilst this would require some additional works to make those flats that are not already self-contained independent, it would add another option to those looking to capitalise on a property in this popular seaside town.
The property comprises a substantial corner property occupying a great location, close to the town centre and seafront.

The property comprises 12 residential flats which are let on Assured Shorthold Tenancy Agreement at £415 per calendar month, giving a gross potential income of £59,760 per annum.

The building was extensively repaired in recent years following a fire and now offers purchasers an excellent residential investment opportunity to continue running in its current arrangement. Alternatively as the property already enjoys planning for residential flats it may be possible to divide and sell the flats separately. Whilst this would require some additional works to make those flats that are not already self-contained independent, it would add another option to those looking to capitalise on a property in this popular seaside town.
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Date History Details
29/05/2020 Property listed at £599,000

Disclaimer

Disclaimer Property reference 13172TQ1_9702252. Details are provided and maintained by Bettesworths Estate Agents. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

29-30 Fleet Street

Torquay

Devon

TQ1 1BB

Telephone: See phone number 01803 212021

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

Disclaimer

Disclaimer Property reference 13172TQ1_9702252. Details are provided and maintained by Bettesworths Estate Agents. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

29-30 Fleet Street

Torquay

Devon

TQ1 1BB

Telephone: See phone number 01803 212021

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

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