A great residential investment/development opportunity to acquire this detached 8-apartment building together with a large 3-bedroom lodge, set in approximately an acre of land in a central tree-lined location in Torquay, Devon. Because of the good accommodation on offer, there is seldom much movement of tenants. With beautiful open gardens, low overheads, and ample parking for all, this is an opportunity not to be missed. Early viewings are highly recommended.
LOCATION
The property is situated in the very heart of sought-after Torquay, Devon, within a tree-lined residential area with local services and shops nearby. The location of Bronshill Court and Lodge is equidistant to Babbacombe Downs and the town centre, seafront, and harbour, all within walking distance. The property benefits from easy vehicular access to all main arterial road links and is near Dartmouth and the South Hams, Torbay, Dartmoor National Park, and the cathedral city of Exeter with its international airport and M5 motorway.
BUSINESS
This has been owner-operated successfully for many years together with a local agent who, when required, obtains new tenants for the owner. The passive income is impressive and, because of the low overheads (apart from keeping the grass cut and communal areas clean and lit), the subsequent net profits are very good too. Because of the amount of land on offer, we, the agents, feel confident that an extension or additional dwelling would be permitted, subject to formal planning approval. Actual trading accounts will be made available following a successful formal viewing.
ACCOMMODATION COMPRISES
BRONSHILL COURT
8 x self-contained apartments.
BRONSHILL LODGE
1 x three-bedroom lodge.
FIXTURES AND FITTINGS
All trade fixtures and fittings will be included in this sale. A full inventory will be provided prior to the exchange of contracts. No testing of these fixtures or any appliance has been undertaken by the agents, Ware Commercial.
SERVICES
Mains gas, electricity, water, broadband, and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial. All services have been separated apart from the water, which is included in the tenants' rent
TENURE
Freehold (the property is offered tenanted).
