Property for sale
Property description & features
LOCATION
A substantial mid-terraced licenced HMO residential property close to Torquay town centre, harbour and seafront. The premises are well presented and have been in the current ownership over 10 years and are now being sold due to our clients’ consolidation of their property portfolio. Room 1 has an en-suite shower and wash hand basin and all other rooms except room 4 have shower cubicles and wash hand basins.
DESCRIPTION
Planning and Licencing
The premises were granted a Certificate of Lawful Use on 28 May 1998. The premises hold a current licence from Torbay Council commencing 28 June 2019 for 5 years for 6 persons over 6 rooms.
Income
The premises are fully let and currently produces £490 per week, £25,480 per annum gross. The vendor believes the rentals to be modest for this type of accommodation. The vendor also only lets to working persons. We are awaiting details of running costs but understand that a guide of 15% of turnover is realistic.
ACCOMMODATION
Please see attached floor plans. To the rear is a small garden/amenity area.
OUTGOINGS
Council Tax Band B
VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred.
VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL[use Contact Agent Button]
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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