Mixed use for sale

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Mixed use for sale

& 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 stunning period, Grade II listed property on Torbay Road, known as "Paignton's Golden Mile", offers the best of both worlds, with its proximity to the town centre and seafront. The property consists of three self-contained, two-bedroom flats on the upper floors and a commercial unit on the ground floor, currently let to a popular pasty shop franchise. The flats are arranged over three floors, with high ceilings, views of the surrounding sports fields, and two of the three flats also benefit from balcony areas. The property generates a gross rental return of £20,160 per annum, with the commercial unit contributing £11,000 per annum until 2028. The property also features off-road parking for four vehicles, with one spot currently rented out to a private individual. The current set-up 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.
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