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Land, in Paignton TQ4, £525,000
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Flat

Paignton TQ4
£525,000

Our Summary

  • This substantial freehold property represents an excellent ready-made investment opportunity, producing a strong income with all six flats currently let

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Description

The property is a substantial freehold investment arranged as 6 self-contained flats, located in a highly desirable coastal position in Paignton, near the seafront and town centre. The building is dual-boiler fired with gas central heating, providing hot water and heating to the units. The property boasts a mix of 3 studio apartments, 1 one-bedroom apartment, 1 two-bedroom apartment, and a spacious two-bedroom split-level apartment with private entrance and exclusive rear garden use.

Each unit has kitchen facilities and separate shower rooms, with uPVC double glazing and electric heating in the majority. Apartment amenities include: Flat 1 (studio) - open plan living/kitchen/bedroom, separate shower room; Flat 2 (studio) - open plan living/kitchen/bedroom, separate shower room; Flat 3 (studio) - open plan living/kitchen/bedroom, separate shower room; Flat 4 (one-bedroom apartment) - lounge/kitchen, one bedroom, bathroom with bath and shower attachment; Flat 5 (two-bedroom apartment) - lounge/kitchen, two bedrooms, shower room; Flat 6 (two-bedroom split-level apartment) - lounge, kitchen, two bedrooms, shower room, and cloakroom, with own private entrance and private rear garden. The building also features a communal entrance hall, stairs to upper floors, fire alarm, and off-road driveway parking to the front with space for 3 vehicles.