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Presenting a substantial 13-bedroom detached residence, ideally situated in the highly sought-after Wellswood area of Torquay. This impressive property offers a rare opportunity to acquire a fully income-producing investment within walking distance of the picturesque harbour and vibrant seafront.
The property is currently arranged as 11 self-contained rental flats, all of which are let to tenants, generating a combined annual rental income in excess of £100,000 per annum. This provides an attractive opportunity for investors seeking a well-established and immediately income-producing asset in a popular coastal location.
The house is perfectly positioned for convenient access to local bus routes and transport links, making it an appealing location for tenants. Just moments away, Wellswood’s selection of shops, cafés and restaurants creates a vibrant village atmosphere while offering everyday convenience.
The building retains many character features, including high ceilings and large windows, allowing for excellent natural light throughout the accommodation. The versatile layout also offers potential for further improvement or reconfiguration, subject to any necessary consents, allowing investors to enhance rental returns over time.
With its prime Wellswood location, strong existing income, and scope for future value growth, this property represents an exciting opportunity to acquire a substantial multi-unit investment in one of Torquay’s most desirable areas.
Early viewing is highly recommended to fully appreciate the size, investment potential and excellent location this exceptional property has to offer.
