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& 5 Queens Park Road, Paignton TQ4 Mixed use for sale
& 5 Queens Park Road, Paignton TQ4
£415,000
& 5 Queens Park Road, Paignton TQ4
£415,000
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 large mixed-use investment property is located on Paignton's highly sought-after "Golden Mile", with a commercial unit on the ground floor and three self-contained, two-bedroom flats on the upper floors. The commercial unit is currently let to a pasty shop franchise until 2028, generating an annual rent of £11,000. The residential flats are let on ASTs, generating a gross rental return of £20,160 per annum. The property is a stunning period, Grade II listed terrace, with a beautiful exterior and high ceilings in the flats. The property also has off-road parking for four vehicles, with one spot currently rented out to a private individual. The current setup lends itself to either retaining the property as a mixed-use investment or splitting the units on separate titles to realize a potential capital uplift.