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Turnkey Eight Bedroom HMO In Torquay For Sale

Torquay, Devon, UK
Asking Price:
£345,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

An ideal turnkey HMO investment opportunity located on the popular Babbacombe Road in Torquay, just a short walk from the town centre, seafront and local amenities. This well established property comprises eight bedrooms arranged across two self contained units over the ground and first floors and has been successfully owner operated for many years, generating a strong and reliable income.

The property benefits from spacious shared areas and a generous rear courtyard, providing practical outdoor space for tenants. It is currently occupied by long term residents, resulting in minimal tenant turnover and low day to day management requirements. The HMO has been run smoothly and efficiently, offering an attractive hands off investment profile.

Trade fixtures, fittings and equipment included excluding the vendor’s private items.

While the business already performs well, there is clear potential to enhance rental income and overall value through upgrades and general improvement works. The sale is prompted solely by the owner’s retirement and plans to spend more time abroad. Trading accounts will be made available following a formal viewing, and early interest is encouraged due to the property’s strong location and investment fundamentals.

Property Information

Property:

Freehold

Location:

Situated on Babbacombe Road in Torquay, within easy walking distance of the town centre, seafront, shops and amenities. The location also benefits from nearby train and bus stations, providing excellent transport links across Devon and to Exeter International Airport.

Premises Details:

The property is arranged as two self contained units across the ground and first floors. The ground floor unit includes a shared kitchen, bathroom facilities and four individual bedrooms, with access to the rear courtyard. The first floor unit also benefits from a shared kitchen, separate bathroom and WC facilities, and four further individual bedrooms.

Communal areas are well proportioned and practical for shared living. Externally, the property fronts directly onto Babbacombe Road, while the rear courtyard provides space for seating and drying clothes, adding to tenant convenience.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

There is scope to improve rental income and capital value through refurbishment, upgrades and general improvement works to the property.

Competition / Market:

The property benefits from long term residents, strong demand and minimal tenant turnover, reflecting its central location and practical layout.

Reasons for selling:

Owner retirement and spending more time abroad.

Trading hours:

Successfully operated as an HMO for many years with stable income, long term tenants and minimal turnover.

Employees:
Owner operated with minimal involvement required.
Years established:
Over 20 years