Paignton TQ4 Mixed use for sale

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Paignton TQ4 Mixed use for sale

Paignton TQ4
£325,000

Our Summary

  • The current set up lends itself perfectly to either retaining under one freehold as a mixed-use investment or, to split the units on separate titles to realise a potential capital uplift

Description

This mixed-use freehold investment property is located on Torbay Road in Paignton, offering a unique blend of retail and residential spaces. The ground-floor commercial unit is currently vacant, but has the potential to generate an annual income of £10,000. The property also features two residential apartments, 73a and 73b, which are let on Assured Shorthold Tenancies, producing a combined monthly income of £1,295. The apartments are accessed via an external staircase and have separate metering for gas and electricity, with water included in the rent. The property is being sold freehold, subject to the commercial lease and residential tenancies, and offers a potential capital uplift if the units are split on separate titles. The location is highly sought after, with easy access to Paignton's town centre, seafront, and rail and coach station.