Summary - 33 FLAT 1 QUEEN STREET TORQUAY TQ1 1RQ
6 bed 1 bath Block of Apartments
Value-add terrace with garden and uplift potential for active investors.
Freehold six-bed block close to town centre and railway station
A six-bed freehold block in central Torquay offered at auction, currently producing rental income and needing modernisation. The property sits close to the town centre, railway station and seafront, with each flat self-contained and a rear courtyard garden. Presented as a value-add investment: active refurbishment or management could increase rents and capital value.
Accommodation comprises three flats (two-bed, one-bed and studio) currently let and generating a stated income of £16,560 pa. EPCs range D–E and the building requires general improvement and modernisation; works will be needed to upgrade energy performance and internal finishes. The terrace has period features but external elevations and roof show weathering and maintenance needs.
This lot suits a hands-on investor or developer prepared to bid at auction and carry refurbishment costs. Note the site lies in a very deprived, high-crime area with constrained local rental market dynamics; that affects tenant profiles and management requirements. Legal pack and auction conditions apply — sold with public notice/repossession status, offered freehold.
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