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 situated on Torbay Road in Paignton, a highly sought-after location that combines the benefits of a busy retail center with the tourist-focused seafront area. The property comprises a retail unit on the ground floor, let on a 6-year lease at £10,000 per annum, and two self-contained residential apartments above, each with its own entrance and metered services. The apartments, 73A and 73B, are let on Assured Shorthold Tenancies at £600 and £695 per month, respectively. The property offers a lucrative income of over £25,000 per annum and presents an opportunity to retain it as a single freehold investment or split the units into separate titles to realize a potential capital uplift.