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"Substantial Buy To Let in Semi Detached Victorian Villa. Arranged as Six Two Bedroom Flats Across Three Floors.

Positioned in the prestigious Wellswood area of Torquay, 450 Babbacombe Road enjoys close proximity to Meadfoot Beach, Ilsham Valley, and the popular Wellswood shopping area. This is a well desired and sought after area for residential tenants and owner occupiers. It is well located on the main road travelling down to Torquay Harbourside and is well connected on local bus routes. This semi detached Victorian villa has been converted into six two bedroom apartments, arranged as two flats per level across the basement, ground, and first floors. The property occupies a spacious plot featuring a generous rear garden and a tarmac driveway with parking for four vehicles. One of the top floor flats has recently been refurbished to a high standard and is now vacant, ready for immediate letting. The other five flats are let to long standing tenants and are currently undergoing staged refurbishments including new kitchens, bathrooms, carpets, and full redecoration. Significant compliance upgrades have recently been completed, including the installation of a fire alarm system, updated fire risk assessments, EICRs, and gas safety certifications. The rear garden includes a section that was prepared for development with foundations laid offering potential for a building plot subject to planning consent. The property offers a rare opportunity to acquire a well established residential investment with potential market rental returns in excess of £64,000 per annum. Buyers may also consider future title splitting for individual flat resale and financing against. "