Paignton TQ3 Mixed use for sale

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Paignton TQ3 Mixed use for sale

Paignton TQ3
£350,000

Our Summary

  • This investment presents a strong opportunity with existing tenants in place and scope to increase returns through re-letting of the vacant office and possible improvements
  • 44m) (Potential for additional rental income or landlord's use)
  • Additional Rear Yard with Storage Unit, Offering Further Income Potential

Description

This mixed-use freehold investment property is located on a prominent roadside corner position on Torquay Road, Paignton, with a highly visible trading location and strong passing traffic. The property comprises two ground floor commercial units, a restaurant and an office, and two self-contained residential flats above. The restaurant is let on a commercial lease, while the office is currently vacant. The flats are a studio and a one-bedroom apartment, both of which are self-contained. The property also has a yard with parking for two cars, bin storage space, and an additional external store. The current rental income is £21,240 per annum, with potential to increase to £32,640 per annum if the office and store are fully let. The property is freehold, subject to occupational tenancies, and has an EPC rating of E for all units.