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16 bedroom detached house for sale
Morgan Avenue, Torquay
£975,000
Morgan Avenue, Torquay
£975,000
Our Summary
- This property is Arranged Over Four Floors with the Potential for Large Family Home (STPP)
- DESCRIPTIONExceptional 30 person Licensed HMO 16 studios + 4 separate flats - High-Yield Investment Opportunity - Morgan Avenue, TorquayAn outstanding opportunity to acquire this fully licensed, situated in a prime location on Morgan Avenue, Torquay
- Additionally, there is excellent potential for conversion, subject to the necessary planning consents
- Whether for redevelopment, reconfiguration, or further enhancement, this property presents a versatile investment with significant scope for capital appreciation
- Potential Large Family Home (STPP)
Description
This is a fully licensed HMO (House of Multiple Occupancy) located in a prime area of Torquay, with 16 studios and 4 separate flats. The property is arranged over four floors and offers a high rental yield, making it an attractive investment opportunity. The property is well-maintained and has a mix of en-suite and shared facilities, ensuring a comfortable living environment for tenants. Each flat/studio has its own kitchen, and there are communal facilities including a WC, shower, and laundry room. The property also has a large storage room and a boiler room on the lower ground floor. The HMO is designed for low running cost efficiency and long-term occupancy, and there is potential for conversion or redevelopment subject to planning consent. With a master key for all flats/studios, new alarm system, smoke detectors, and emergency lights, this property offers a secure and modern living environment for tenants.