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Meadfoot Road, Torquay TQ1 10 bed detached house for sale
Meadfoot Road, Torquay TQ1
£625,000
Meadfoot Road, Torquay TQ1
£625,000
Our Summary
- This unique investment opportunity features eight fully tenanted apartments, ranging from one to two bedrooms
- While the property could benefit from some TLC, this is reflected in the competitive pricing
- Turnover - Current Gross Annual Turnover currently is £53,000 however there is scope to push this too £63,000 Per annum if the owners accomodation was let
- Early viewing is essential to appreciate the size, location and potential it offers
- Property requires some updating but has the potential with the right consent to change to residential use or stay as business
Description
Winfields presents this charming listed period property, nestled near Daddyhole Plain and Meadfoot Beach, as an investment opportunity. The property features eight fully tenanted apartments, ranging from one to two bedrooms, with a current gross annual turnover of £53,000. While the property requires some TLC, this is reflected in the competitive pricing. The apartments offer a mix of layouts, including lounge/dining areas, kitchens, bedrooms, ensuites, and bathrooms, with the potential to increase turnover to £63,000 per annum if the owners' accommodation was let or the property was owner-occupied. With its unique character and potential for growth, this property is a fantastic opportunity for investors and those looking for a unique place to call home.