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Melville Street, Torquay TQ2 Block of apartments for sale
Melville Street, Torquay TQ2
£200,000
Melville Street, Torquay TQ2
£200,000
Our Summary
- Freehold Residential Investment Opportunity
Description
This freehold residential investment property is located on Melville Street, a short walk from Torquay's town centre and Harbourside, offering easy access to shops, restaurants, and public transport links. The property consists of three self-contained 1-bedroom units, with two flats and one house, and is currently fully let on Assured Shorthold Tenancies. The freehold includes Flats 3, 4 & 5, with Flats 1 & 2 being separately owned under long leasehold titles. The property generates a gross return of over 10% with a current total confirmed income of £1,150 per month. The asking price is £200,000, and each party will be responsible for their own legal costs. Viewings are recommended and can be arranged by prior appointment with the agents.