15 Brent Road, Paignton TQ3 Block of apartments for sale

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15 Brent Road, Paignton TQ3 Block of apartments for sale

15 Brent Road, Paignton TQ3
£425,000

Our Summary

  • Investment Opportunity - Residential Block of Flats with Additional Garages
  • INVESTMENT POTENTIAL The potential to increase revenue from the vacant garages and remaining flat, makes this an attractive investment opportunity
  • Purpose-Built Residential Investment Opportunity of Four Flats & Garages

Description

Brent Court is a residential block of flats with additional garages located in a quiet cul-de-sac in Paignton, South Devon. The property consists of 4 self-contained flats, each with an approximate gross internal area of 36m², and 4 garages, with 2 currently let to flat tenants and 2 vacant. The flats are purpose-built and have been maintained to a good standard, with all currently tenanted to over 55s only. The property benefits from a gated entrance, onsite parking, and a private and exclusive feel. With a gross yield of approximately 8.47% (when fully let), Brent Court offers strong returns for investors seeking a secure residential asset in South Devon. The property is available freehold, subject to the residential ASTs, and is priced at £425,000.