Moorcot, a property located in a desirable area of Torquay, is being sold by public auction on September 18th, 2025. The property consists of seven flats, with five currently let on Assured Shorthold Tenancies, generating an annual rental income of £23,820. However, with some refurbishment and reletting, the potential annual rental income could increase to £70,020. The property is being sold freehold and has a range of possibilities, including holiday letting or further development, subject to planning permission. The current tenants are on periodic tenancies, and the property is being sold with vacant possession. The auction guide is provided as an indication of the seller's minimum expectation, and the property will be offered subject to a reserve, which is a figure below which the auctioneer cannot sell the property during the auction.