Summary - 39b Market Street TQ1 3AW
2 bed 1 bath Maisonette
High-ceilinged two-bedroom flat with immediate rental income and town-centre access.
Produces £6,000 per annum under existing assured shorthold tenancy
This compact two-bedroom maisonette sits above a Victorian retail frontage in Torquay town centre. The property is offered at auction with an assured shorthold tenancy in place, producing £6,000 per annum, and a new 999‑year lease to be granted at a peppercorn ground rent. Its city-centre location places shops, rail services and local amenities within easy walking distance.
Inside, the maisonette benefits from character features typical of the era: high ceilings and large rooms created when the building was commercial. Practical positives include double glazing (fitted post‑2002), excellent mobile signal and fast broadband — useful for tenants or short‑term lets. There is no flood risk.
Important considerations are straightforward and material. The flat is small (approximately 453 sq ft) and has an EPC rating of E. Heating is by electric storage heaters and the external walls are solid brick with no assumed insulation, which will affect running costs and may require upgrading. The surrounding area is classified as very deprived and local crime levels are high, factors that may impact desirability and tenant quality.
The sale is by online auction; purchasers must note the property is sold leasehold and will be subject to auction buyer’s fees and any additional completion charges set out in the legal pack. The property suits an investor seeking an inexpensive, income-producing town-centre asset with straightforward refurbishment potential, or a buyer prepared to manage tenant transition and upgrade works.
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