House For Sale £395,000
Torquay Road, Newton Abbot TQ12

Description

Newly refurbished attractive HMO arranged over 2 floors. The property comprises 6 double bedrooms (4 with en suites) and an open plan kitchen / dining room.

This is one of four HMO properties being sold in the portfolio. One other 6 bed is in Newton Abbot with the remaining 2 in Heavitree, Exeter. All renovated to a similar specification.

Situation

The property is within 0.4 miles from a host of shopping amenities including a Sainsbury's, Takeaways and Pubs. With a frequent bus service outside, the tenants are well connected to the town, railway station and surrounding towns / cities.

Newton Abbot has an expanding resident population in excess of 25,000 and is a thriving south Devon market and tourist town. Newton Abbot is located about 16 miles south-west of Exeter and 7 miles north west of Torquay. The town is within half an hour's drive of the coast and moors.

There are plans to heavily redevelop the town centre incorporating Market Hall, Market Square and the old Alexandra cinema. This would include a new eating quarter, a state of the art cinema, a remodelled entertainment and events venue and a high quality market space. These works are estimated at £10-15 million and are anticipated to attract tourism to the town and create a new townscape for the local residents.