Paignton TQ3 Mixed use for sale

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Paignton TQ3 Mixed use for sale

Paignton TQ3
£625,000

Our Summary

  • TOTAL INCOME £67,800 PER ANNUMWith scope for rental growth

Description

This well-managed mixed-use investment property in Central Paignton is generating a high annual rental income of £67,800. The property is located on Winner Street, a busy and popular mixed residential and secondary commercial location on the edge of Paignton town centre. The property comprises four retail units, six one-bedroom flats, and a three-bedroom cottage, all with independent supplies for electricity, gas, and water. The retail units are let to various tenants, including a deli, hairdressers, and decorators, with leases ranging from 2019 to 2024. The residential flats are also let, with a total income of £67,800 per annum. The property has been diligently managed, with a going program of maintenance, including a new roof and double-glazed windows. The property is being sold freehold, subject to existing tenancies, and offers scope for rental growth. Viewings are strictly by prior appointment with the sole agents, Bettesworths.