Bridge Road, Torquay

INVESTMENT OPPORTUNITY.  This classic VICTORIAN RESIDENCE is arranged as FIVE SELF CONTAINED ONE BEDROOM FLATS set in a convenient location approximately half a mile from Torquay sea front. Owned by our client circa 33 years and currently generating circa £40,000 gross per annum fully let, the property presents an established investment as an ongoing concern, or owner occupier to live in part whilst generating some rental income.  Alternatively, there is potential to revert or redesign the building to meet an individual buyer's requirements. 

Bridge Road is situated within close proximity to a host of amenities including Torquay's picturesque sea front, Torre Abbey Sands, Torquay train station and the town centre. Both the English Riviera Centre and the TLH Leisure Resort are within a few minutes' walk, together providing an array of dining and sporting facilities which feature the Aztec spa, swimming pools, tennis courts and indoor bowls.  Griesdale offers a lifestyle as much as a character property.

OWNERS INSIGHT

"I have owned Griesdale now for over thirty years and it has been a sound investment with high occupancy and low turnover of tenants. One tenant has been with me over for twenty four years! Griesdale is a relatively easy block to run, and I have tried to keep on top of the general maintenance, with the exterior recently decorated. I am still working full time, but with one eye on retirement I am looking to simplify, and feel it is time to downsize my letting portfolio."

FLAT 1

A ground floor flat accessed via the communal entrance. Occupying the principal reception rooms of the original house, the open plan living room enjoys a large bay with bright westerly aspect, and generous double bedroom with access to the 'jack and jill' shower room, having additional access from the large reception hall. We understand the staircase between Flat 1 and Flat 4 below remains and these two units could be combined with relative ease if required.

FLAT 2

Accessed via the communal entrance and staircase, occupying the principal front bedrooms to the original house. A spacious hall leads to the large open plan living room with bay windows facing the westerly aspect. Separate kitchen with northerly aspect, large double bedroom, and separate shower room.

FLAT 3

Accessed via the communal entrance and staircase. A spacious hall leads to the large open plan living room with northerly aspect. Double bedroom, and separate bathroom.

FLAT 4

Glazed door giving private access into the kitchen. Serving access to the sitting room allows borrowed light between the two room, with the sitting room also having a window. Inner hall with generous storage where the staircase could be reopened into flat 1. Large double bedroom with westerly aspect, and separate shower room.

FLAT 5

Private access to a vestibule leading through to the internal kitchen being open to the sitting room with view over the communal garden. The bedroom leads off the kitchen, again with a view over the communal garden. The shower room and separate WC lead off the entrance vestibule.

STEP OUTSIDE

Gated pillared entrance with driveway parking. Communal lawned garden and patio. Landlords cellar storage housing the communal gas boiler.

ADDITIONAL INFORMATION

GENENRAL - We understand from our client that all flats are on standard assured shorthold tenancy agreements with flats 1, 3, 4, and 5 on a rolling statutory periodic agreements having passed their initial fixed terms, and the existing tenants would like to remain. UTILITIES & BILLS: Gas and water are factored into the rents and payable by the landlord (communal gas boiler located in the landlords cellar storage). Electric is currently coin operated meters in each flat, and tenants responsible for the own council tax with all flats being Band A (Torbay Council).

OUR AREA

Torquay is nestled on the warm South Devon coast being one of three towns along with Paignton and Brixham which form the natural east facing harbour of Torbay, sheltered from the English Channel. Torbay's wide selection of stunning beaches, picturesque coastline, mild climate and recreational facilities reinforce why it has rightfully earned the renowned nickname of the English Riviera.

TORQUAY IS WELL CONNECTED

By Train: Torquay Train Station has some direct lines to London Paddington and Birmingham and is just one stop from the main line Newton Abbot. By Air: Exeter Airport provides both UK and international flights. By Sea: Torquay Marina provides a safe haven for boats in all weathers, sheltered from the prevailing south-westerly winds. Regional Cities of Exeter & Plymouth approximately 22 miles and 32 miles respectively. Magnificent Dartmoor National park approximately 12 miles.

DIRECTIONS

SAT NAV: TQ2 5BA. WHAT3WORDS: inert.workshops.wedding . From Torquay's Sea Front (Torbay Road A379) heading towards Torquay's Harbour and Marina, turn left at the traffic lights before the white bridge into Belgrave Road. Progress up Belgrave Road passing the Derwent Hotel, carry straight on through the traffic lights and turn left into Bampfylde Road, take the first turning on the right into Bridge Road and Griesdale will be seen on the left hand side.

Garden

Communal garden to the rear with lawn and patio, and further garden to the front.

Parking - Driveway