Queens Terrace, Totnes

DESCRIPTION

Luscombe Maye are delighted to offer this very rare opportunity to acquire a successful HMO (House in Multiple Occupancy) in the centre of Totnes town. Queens Terrace is a striking semi-detached Victoria town house that has been converted by the current owner into a HMO and now consists of 9 bedrooms in total. 7 bedrooms are in the main house and then there are 2 single bedroom basement flats - please see floorplan for the configuration through out. This property also benefits from a large garden and driveway parking for multiple cars which is something very hard to find in the town centre. The high street, train station, supermarket and Totnes Castle are all within 5 minuets walk.

Any potential buyer has the option to take this property on as a going concern with the current tenants in situ, or alternatively there is also the option to reconvert this property back in to a sole residential home and reside in the house as an owner occupier.

The property is currently managed through a local lettings company and yields a gross income of £60,240 per annum.

TOTNES

The unique and charming market town of Totnes sits above the River Dart in the heart of the South Hams. The town is one of Devon's gems, the birthplace of the Transition Town movement in England and nominated in British Airways' HighLife magazine as one of the world's top ten funky towns.
Full of colour and character, its atmosphere is cosmopolitan with a West Country flavour and those looking for history, alternative therapies and beautiful countryside will find it in and around Totnes. The town is said to have more listed buildings per head of the population than anywhere else in Britain. With a twice-a-week market and full of small independent shops, it's well-known for ethical products, wholefoods and fair trade goods. It is the second oldest borough in England, with an ancient Guildhall and Church, a Norman Castle and its North and East Gates. There is a well-regarded community college and a mainline railway station with direct links to all capital cities in the UK. Dartmoor, the South Hams and many of its fine beaches are within easy reach.

FURTHER INFORMATION

As part of our transparency policy, we request our sellers fill out a Property Information Questionnaire. This information can be provided to you. However, we recommend that you verify any information given during the conveyancing process.

SERVICES

Gas central hearing. Mains water, gas, electric and drainage.

CONSTRUCTION

The property is understood to be of standard construction.

PARKING

Driveway Parking at the rear of the property.

LOCAL AUTHORITY & COUNCIL TAX

South Hams District Council. Follaton House, Plymouth Road, Totnes TQ9 5NE

Council Tax Band C for the main house. The two basement flats which are 1a & 1b Queens Terrace are both council tax band A

TENURE

Freehold

LETTINGS

Luscombe Maye also offers an Award Winning Lettings service. If you are considering Letting your own property, or a buy to let purchase, please contact us and ask to speak with Andrew or Alex to discuss our range of bespoke services.

VIEWINGS

Viewing strictly by appointment with Luscombe Maye

DIRECTIONS

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