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7 bedroom block of apartments for sale
Paignton, Devon, TQ3
£595,000
Paignton, Devon, TQ3
£595,000
Our Summary
- A great residential investment/development opportunity to acquire this detached building consisting of 4 x apartments, along with a large 3-bedroom lodge, set in an ideal, tree-lined location within Paignton, Devon
Description
This detached building in Paignton, Devon, offers a great investment or development opportunity. The property consists of four self-contained apartments and a three-bedroom lodge, situated in a tree-lined location. With low overheads and ample parking, it's an ideal spot for tenants. Paignton is a popular holiday destination with a good year-round trade and a busy residential population, making it an attractive location for investors. The property has been successfully owner-operated for years, with a local agent helping to obtain new tenants when needed. The passive income is impressive, and with low overheads, the net profits are good too. The property comes with all trade fixtures and fittings included, and services such as mains gas, electricity, water, and drainage are connected. Viewings are highly recommended to take advantage of this turnkey investment opportunity.