Sold

Torquay, Devon

£475,000 Freehold Ref: 4209
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St James' Road is located in the Upton area of Torquay, approximately a quarter of a mile from Torquay town centre. Upton is serviced by immediate amenities including primary school, convenience store, takeaway and is also on main bus routes. Torquay town centre is a short level walk away.

1 St James Road is a part purpose built block of five residential flats. All flats are independently accessed from the outside and are entirely self-contained, with independent utilities.

The property is arranged over ground and first floor and is currently fully occupied by long term tenants.

The property has been owner managed for the last 20 years, with excellent ongoing maintenance and management.

Our vendor client has deliberately not increased rents, meaning there is scope for possible rental growth under new ownership.

Electricity is by way of individual key or direct billing metres. Rates are inclusive of water and each flat is separately banded for Council Tax - all Band A.

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