In need of some refurbishment and an Ideal purchase for buy to let investment or first time buyer is this first floor studio apartment situated close to the town centre and sea front which is accessed through a secure communal entrance.

The apartment is situated at the rear of the building away from the road and consists of a spacious open plan lounge / kitchen / bedroom and shower room.

The property is currently rented for £5400 per annum, is within walking distance of the town centre.

Council Tax Band: A (Torbay Council)
Tenure: Leasehold (123 years)
Ground Rent: £150 per year (reviewed every 1 years)
Service Charge: £1,512 per year (reviewed every 1 years)

Rooms

Entrance
Accessed through a secure communal entrance into enclosed communal hallway and stairs leading to the door providing as access to the flat

Lounge 4.39m x 5.74m (14ft 4in x 18ft 9in)
Large open plan bed/sitting room/kitchen with UPVC double glazed window overlooking the rear aspect, corner kitchen area with a range of wall and base units, stainless steel sink and drainer with mixer tap and space for cooker and fridge freezer and a door leading to:

Bathroom
Fitted shower room with square shower enclosure with electric shower, pedestal washi hand basin and low level cistern and pan.

Please Note
Currently tenanted to a long term tenant at a monthly rent of £450 pcm or £5400 per annum. To discuss the tenancy or for information on management of the tenancy, please contact the agent.

Material Information
PROPERTY TYPE: First Floor Flat CONSTRUCTION: Standard Construction SOURCE OF HEATING: Electric SOURCE OF ELECTRIC SUPPLY: Mains SOURCE OF WATER SUPPY: Mains SEWERAGE: Mains BROADBAND CONNECTION: Copper Cable MOBILE SIGNAL/COVERAGE: Likely to have good coverage (Ofcom) PARKING: None BUILDING SAFETY ISSUES : None known RIGHTS & RESTRICTIONS: None known FLOOD & EROSION RISK: None Known PLANNING PERMISSION / DEVELOPMENT PROPOSALS: None Known PROPERTY ACCESSABILITY / ADAPTIONS: None COALFIELD OR MINING AREA: No TENURE: Leasehold LENGTH OF LEASE: 125 Years from 1st August 2022 ANNUAL GROUND RENT: £150.00 GROUND RENT REVIEW PERIOD: TBC ANNUAL SERVICE CHARGE: £1512.00 SERVICE CHARGE REVIEW PERIOD: Annually COUNCIL TAX BAND: A ENERGY PERFORMANCE RATING: E

Viewings
Viewings by appointment only. Local, Independent Lettings & Sales Agent in Torbay for over 25 years with a low fee of just 1.2% inc VAT! For a FREE, NO OBLIGATION VALUATION call today! Disclaimer: These particulars have been prepared with care and every endeavour has been made to describe the property fairly and accurately although this cannot be guaranteed. They do not constitute part or all of an offer or contract. The measurements are supplied for guidance purposes only and prospective purchasers are advised to double check them before incurring any expense which is reliant upon their accuracy. We have not tested any apparatus, equipment, fixtures, fittings or services and purchasers must satisfy themselves as to their working condition. Under the Money Laundering Regulations purchasers will at a later stage be asked to provide identification documents. In order to make sure there is no delay in agreeing a sale, we would ask for co-operation.

Torbay Property Management Sales & Lettings are specialists in the Sales, Letting and Management of residential property, taking pride in our reputation for providing a professional yet personal service to our vendors and landlords. The directors and staff are trained to ARLA & NAEA standards and have been working together for many years and continually aim to reinforce their position as the bays leading agent. Through extensive experience we have been able to clearly identify the needs of both vendors and landlords and develop our services to meet them needs. By ensuring that all our staff are experienced and dedicated, we can provide you with a quality service with the peace of mind that your property is in safe hands. We are members if the ASSOCIATION OF RESIDENTIAL LETTINGS AGENTS (ARLA) & NATIONAL ASSOCIATION OF ESTATE AGENTS (NAEA) which means our practices and client accounting systems are fully regulated. This is in turn means that we are accountable and your money is protected and insured. ARLA & NAEA is the only governing body for agents which requires their members to be professionally qualified and to continue their learning and development each year. Our office and shop window are in a prominent main street location and are A3 displays are LED backlit to make your property stand out, day and night.

No longer on the market

Studio

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