Initial price	£1,100,000
08/04/25	£1,000,000
Price Change	-9.09%

This is a fully licensed HMO (House of Multiple Occupancy) property located on Morgan Avenue in Torquay, with the potential to generate a high rental yield. The property is arranged over four floors and offers a mix of en-suite and shared facilities, providing a comfortable living environment for tenants. The property has been well-maintained and has a low running cost, making it an attractive investment opportunity for those seeking strong returns. Additionally, there is potential for conversion and redevelopment, subject to planning consents, offering scope for capital appreciation. The property has a range of amenities, including a communal lounge, kitchen, and laundry facilities, as well as a master key system for all flats and studios. The property also has a new alarm system, smoke detectors, emergency lights, and top-up meters, making it a safe and secure investment. With a gross revenue of £132,000 per annum, including recharged electricity, this property presents a lucrative investment opportunity for those looking to generate a high yield.