Lansdowne Road, Torquay, TQ2 5BP

SUMMARY A substantial licensed 8-10 bedroom HMO located in Torquay on Lansdown Road, offering an excellent investment opportunity. The property provides accommodation with strong rental potential, along with a private driveway, garage, and garden.

DESCRIPTION This substantial and fully licensed 8-10 bedroom HMO presents an outstanding investment opportunity in Torquay, located on the Lansdown Road.

Set within a generous plot, the property offers versatile accommodation. The home is arranged to provide between eight and ten bedrooms, complemented by communal areas, kitchen facilities, and multiple bath/shower rooms, ensuring strong rental appeal and consistent occupancy potential.

Externally, the property benefits from a driveway providing off-road parking, along with a garage offering additional storage or further development potential (subject to the necessary consents). The garden creates an outdoor space for tenants, enhancing the overall desirability of the property.

Situated within easy reach of Torquay town centre, local amenities, transport links, and the seafront, this location is particularly popular with tenants, supporting strong and sustainable rental demand.

This is a rare opportunity to acquire an income-generating asset in a prime residential area, with scope to further optimise returns if desired. Ideal for both seasoned investors and those looking to expand their portfolio with a substantial and well-located HMO.

Auctioneer's Comments  This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.