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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 property is a large mixed-use investment opportunity located on Paignton's "Golden Mile", a highly sought-after residential and commercial location. 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 pasty shop franchise until 2028. The residential flats are arranged over three floors, with high ceilings and views over the local sports fields and towards Roundham. The property also benefits from off-road parking for four vehicles, with one spot currently rented out to a private individual. The current rental income is £20,160 per annum, with the potential for a capital uplift if the units are split on separate titles. The property is a rare opportunity for an investor to acquire a mixed-use property with a strong rental income and potential for growth.