The Grade II Listed Mansion House and apartment blocks, which form part of the Bishops Court Hotel, have come to the market. The property offers the opportunity to buy a let investment property with potential for development, residential and income generation.
According to selling agent Savills, the site presents the opportunity to buy a property investment with 22 AST lettings currently generating a gross rental income of £144,888 per year, in a prime residential/conservation area of Torquay.
This 1.17 acre site forms the western part of the Bishops Court Hotel site. The Mansion House is Grade II listed and is laid out over three storeys. It includes an owner’s apartment and eight self contained letting apartments. The two additional two storey blocks house a further 14 self-contained letting apartments.
Mark Chugg from Savills in Exeter, who is marketing the former hotel comments, “The Mansion House is an impressive and imposing building in the heart of the Warberries, just a mile from the centre of Torquay. With a potential rental income of over £144,000 a year, the case for investment is strong”.
The site is being offered for sale at a guide in excess of £1.5 million.
