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11 bedroom block of apartments for sale
Moorcot, Kents Road, Torquay, Devon, TQ1 2NN
£700,000
Moorcot, Kents Road, Torquay, Devon, TQ1 2NN
£700,000
Our Summary
- FOR SALE BY PUBLIC AUCTION - Thursday 17th July 2025 Moorcot is situated in one of Torquay's most desirable residential locations and offers the potential for immediate rental uplift as well as other possibilities including holiday letting or further development, subject to planning
- Freehold For more information, legal documents and a guide to the auction process visit our website and download the online auction catalogue
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- The reserve is a figure below which the auctioneer cannot sell the property during the auction
Description
Moorcot, a freehold property in a desirable Torquay location, is being sold by public auction on July 17th, 2025. The property currently generates £23,820 per annum in rent, but has the potential to increase this to £70,020 per annum through immediate rental uplift or alternative uses such as holiday letting or further development, subject to planning. The property is comprised of seven flats, including a vacant 3-bedroom flat, with five flats currently let on Assured Shorthold Tenancies. The current rental schedule includes a mix of 1- and 2-bedroom flats, with rents ranging from £350 to £625 per month. The property is being sold with a guide price, which is subject to change prior to the auction, and will be offered subject to a reserve.