341 Torquay Road, Paignton, Devon Mixed use for sale

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341 Torquay Road, Paignton, Devon Mixed use for sale

341 Torquay Road, Paignton, Devon
£150,000

Our Summary

  • A freehold investment opportunity comprising a three storey mid-terrace property located in a popular trading street in the popular Preston area on the northern side of Paignton with local shops and amenities, and close to its two main beaches
  • EPC Rating ECouncil Tax Band BResidential EPC: ECommercial EPC: CImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
  • Auction Date : 30 October 2025
  • For Sale by Online Auction

Description

This freehold investment property is a three-storey mid-terrace building in a busy trading street in Preston, Paignton, near the town's two main beaches. The ground floor is a commercial premises with a detached garage at the rear, while the first and second floors are a self-contained maisonette. Both units are currently fully let, generating a total income of £17,055.40 per annum. The commercial space is let on a three-year lease at £6,250 per annum, while the maisonette is let on an Assured Shorthold Tenancy Agreement at £900.45 per month. The property has a total floor area of 90 sq.m. and benefits from a C EPC rating for the commercial space and an E rating for the residential area. The property also has a Council Tax Band B.