Block of apartments for sale

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Block of apartments for sale

Preston Down Road, 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 rare investment opportunity with a high potential for passive income and capital growth. The property consists of four self-contained apartments and a three-bedroom lodge, all situated in a tree-lined location. With low overheads and ample parking, this is an attractive opportunity for investors. The property has been successfully owner-operated for many years, with a local agent handling tenant acquisition when needed. The property generates a impressive passive income, and with no testing of the fixtures and fittings or services, this is a turnkey investment that offers higher returns than a bank. With its prime location in one of the UK's most popular holiday destinations, this property is an opportunity not to be missed. Early viewings are highly recommended.