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Paignton TQ4 Mixed use for sale
Paignton TQ4
£325,000
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 property, situated on Torbay Road, Paignton, offers a unique blend of commercial and residential space. The ground floor retail unit, currently let for £14,000 per annum, has a shop frontage and rear access, and is suitable for a variety of businesses. The two residential apartments, accessed via an external staircase, are separately metered and let on Assured Shorthold Tenancies for £600 and £695 per month, respectively. The property benefits from a highly sought-after location, walking distance to Paignton's seafront, town centre, and rail and coach station. The freehold property is being sold subject to the commercial lease and residential tenancies, offering potential for capital uplift if the units are split on separate titles.