For Sale16 Bedroom Detached House in Morgan Avenue, Torquay, TQ2£1,100,000

Fully Licensed HMO, Perfect For Investors with a High Rental Yield. This property is Arranged Over Four Floors with the Potential for Large Family Home (STPP). Exceptional 30 person Licensed HMO 16 studios + 4 separate flats - High-Yield Investment Opportunity - Morgan Avenue, Torquay An outstanding opportunity to acquire this fully licensed, situated in a prime location on Morgan Avenue, Torquay. Arranged over four floors, this substantial property boasts a high rental yield, making it an attractive proposition for investors seeking strong returns. Gross Revenue £132k pa including recharged electricity The property is well-maintained and offers a mix of en-suite and shared facilities, ensuring a comfortable living environment for tenants. Each flat/Studio has its own kitchen, 4 studios share a WC and Shower on the ground and first floors. The HMO is designed for low running cost efficiency and long-term occupancy. Additionally, there is excellent potential for conversion, subject to the necessary planning consents. Whether for redevelopment, reconfiguration, or further enhancement, this property presents a versatile investment with significant scope for capital appreciation. 19 Morgan Avenue 19 MORGAN AVENUE Parking for 1 car Lower Ground Floor: Boiler Room & large Landlord's Storage Room Flat 20 Hallway Lounge 9' 7" x 16' 5" (2.92m x 5.00m) Fully fitted and equipped Kitchen - 11' 5" max x 13' 6" max (3.48m max x 4.11m max) Bedroom 11' 2" x 15' 2" (3.40m x 4.62m) Bath, Shower, WC and wash hand basin Outside patio area Ground Floor: Studio 11 - 14' 1" inc Bay window x 17' 3" (4.29m inc Bay window x 5.26m) Fully fitted and equipped Kitchen Studio 12 - 14' 2" x 15' 2" (4.32m x 4.61m) Fully fitted and equipped Kitchen Studio 13 11' 1" x 14' 4" max (3.37m x 4.36m max) Fully fitted and equipped Kitchen Studio 14 12' 7" x 12' 9" (3.84m x 3.89m) Fully fitted and equipped Kitchen 5' 6" x 15' 7" max (1.68m x 4.75m max) WC and wash hand basin Communal WC + Shower Communal Washing Machine & Drier First Floor: Studio 15 - 11' 1" x 14' 4" max (3.37m x 4.36m max) Fully fitted and equipped Kitchen Studio 16 - 14' 2" x 15' 2" (4.32m x 4.61m) Fully fitted and equipped Kitchen Studio 17 14' 1" x 18' max (4.28m x 5.49m inc Bay window max) Fully fitted and equipped Kitchen Studio 18 Lounge 12' 7" x 18' 4" (3.84m x 5.6m) Fully fitted and equipped Kitchen 5' 6" x 15' 7" max (1.68m x 4.75m max) Bedroom 12' 3" x 12' 9" (3.74 inc fitted wardrobe x 2.95) WC and wash hand basin. Communal Shower Communal WC Second Floor: Flat 19 (could be converted to 2 bedroom flat with stud partition wall) Hallway Lounge - Irregular Shaped Room 13' 7" x 23' 7" (4.14m x 7.19m) Fully fitted and equipped Kitchen + Dining Room 13' 1" x 11' 1" (3.99m x 3.38m) Bedroom 7' 8" x 15' 3" + built in wardrobes (2.34m x 4.65m + built in wardrobe) Bath, Shower, WC and wash hand basin. 21 Morgan Avenue 21 MORGAN AVENUE Parking for 2 cars Lower Ground Floor: Flat 10 Lounge 12' 4" x 16' 5" (3.76m x 5.00m) Fully fitted and equipped Kitchen - 12' 2" max x 9' max (3.72m max x 2.75m max) Bedroom 7' 3" x 17' 5" (2.20m x 5.31m + fitted wardrobe) Bath, Shower, WC and wash hand basin Outside patio area Ground Floor: Studio 1 - 14' 1" inc Bay window x 17' 3" (4.29m inc Bay window x 5.26m) Fully fitted and equipped Kitchen Studio 2 - 14' 2" x 15' 2" (4.32m x 4.61m) Fully fitted and equipped Kitchen Studio 3 11' 1" x 14' 4" max (3.37m x 4.36m max) Fully fitted and equipped Kitchen Studio 4 12' 7" x 12' 9" (3.84m x 3.89m) Fully fitted and equipped Kitchen 5' 6" x 15' 7" max (1.68m x 4.75m max) WC and wash hand basin Communal WC + Shower Communal Washing Machine & Drier First Floor: Studio 5 - 11' 1" x 14' 4" max (3.37m x 4.36m max) Fully fitted and equipped Kitchen Studio 6 - 14' 2" x 15' 2" (4.32m x 4.61m) Fully fitted and equipped Kitchen Studio 7 14' 1" x 18' max (4.28m x 5.49m inc Bay window max) Fully fitted and equipped Kitchen Studio 8 Lounge 12' 7" x 18' 4" (3.84m x 5.6m) Fully fitted and equipped Kitchen 5' 6" x 15' 7" max (1.68m x 4.75m max) Bedroom 12' 3" x 12' 9" (3.74 inc fitted wardrobe x 2.95) WC and wash hand basin. Communal Shower Communal WC Second Floor: Flat 9 Hallway - Lounge - 13' 7" x 12' (4.14m x 3.65m) Fully fitted and equipped Kitchen + Dining Room 13' 1" x 11' 1" (3.99m x 3.38m) Bedroom 1 - 7' 8" x 15' 3" + built in wardrobes (2.34m x 4.65m + built in wardrobe) + wash hand basin Shower, WC and wash hand basin Bedroom 2 - 10' 4" x 11' 5" + built in wardrobes (3.16m x 3.47m) Shower, WC and wash hand basin Benefits Master Key for all flats/studios New Alarm system in all flats/studios New Smoke detectors in all flats/studios New Emergency lights in all flats/studios New Top-up meters in all flats/studios New Electricity Counters New Electric hot water kitchen tap in 15 out of 20 kitchens New Washing machines & Fuseboards in Laundry rooms New coin meters in Laundry rooms Fibre Cable WiFi with mesh network New 10Kw solar panels New 64kw Vaillant boiler New felt flat roof with lead flashing on lower ground floor flats Central heating is centrally provided, but each flat/Studio pays for its own electricity