Summary - 33 FLAT 1 QUEEN STREET TORQUAY TQ1 1RQ
1 bed 1 bath Commercial Property
Three-let flats producing immediate rental income close to harbour and amenities.
Freehold block of three self-contained flats, one per floor
This three-storey Victorian mid-terrace in central Torquay is offered as a freehold block of three self-contained flats, each on its own floor, and will be sold by public auction. The building is fully let on assured shorthold tenancies, producing a current income of £16,560 per annum — a strong headline yield at the guide price and an attractive set-up for an investor seeking immediate rental returns.
The property’s position close to shops, the harbour and seafront gives lettings resilience and footfall potential. The flats are compact and practical for single occupants or couples; active management and modest refurbishment (improving heating and insulation, re-roofing where needed) should allow rental growth and EPC uplift. There is scope to increase net income through medium-term works and tightening voids and tenancy terms.
Buyers should note several material constraints: the block sits in a very deprived area with higher local crime rates and constrained renter demand. The flats have electric room heating and an inefficient energy profile, which produces higher running costs; wall/roof insulation appears limited and the roof shows mossing and may need repair. On-street parking only, no private garden, small internal footprints and the auction sale format mean this is an active investment requiring hands-on management or a renovation programme.
This lot is best suited to investors who can operate in a city-centre rental market, budget for energy and roof improvements, and are comfortable with auction purchase terms and the local letting profile.
6 bedroom block of apartments for sale in 33 Queen Street, Torquay, Torbay, TQ1 1RQ, TQ1 — £190,000 • 6 bed • 1 bath • 1141 ft²
Block of apartments for sale in Auction Lot: 2 x Self-Contained Investments Flats, Torquay, Devon, TQ2 — £150,000 • 1 bed • 1 bath
Commercial property for sale in Auction Lot: Block of 4 x Investment Flats, Torquay, Devon, TQ1 — £200,000 • 1 bed • 1 bath
2 bedroom block of apartments for sale in 67 and 67a Belgrave Road, Torquay, Devon, TQ2 5HZ, TQ2 — £150,000 • 2 bed • 2 bath
3 bedroom flat for sale in Union Street, Torquay, Devon, TQ2 — £175,000 • 3 bed • 1 bath • 646 ft²
1 bedroom flat for sale in Abbey Road, Torquay, TQ2 5NN, TQ2 — £35,000 • 1 bed • 1 bath • 347 ft²
