This freehold investment comprises six self-contained flats and a detached block of two garages on a gated site in Teignmouth. The flats are let and currently generate approximately £64,300 in gross annual rent, with an estimated rental value of around £71,400.

• Six flats with a mix of one-, two- and three-bedroom layouts
• Accommodation includes open-plan living spaces, kitchens, bathrooms and, in some flats, en-suite bedrooms
• Flats 1 and 2 together extend to approximately 1,065 sq ft; Flat 3 is approximately 1,181 sq ft; Flat 4 is approximately 914 sq ft; Flats 5 and 6 are approximately 566 sq ft and 560 sq ft
• Electric gated entrance and allocated parking: one space each for Flats 1–4 and two spaces each for Flats 5 and 6
• Two single garages are let separately; Flats 5 and 6 have balconies
• EPC ratings: D, D, D, D, C and C
• Freehold tenure; sale is subject to tenancies

Set within walking distance of Teignmouth town centre, the railway station and seafront, the property offers established rental income and stated scope for increased returns. Drawings have been prepared to reconfigure Flat 4 as a three-bedroom flat, and planning is noted for a new garden entrance to Flat 1. Land Registry-compliant plans are available for each flat, and the separate entrances, boilers and utility supplies may support a potential future break-up, subject to due diligence and the legal pack.