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 is a well-managed mixed-use investment property located on Winner Street in Paignton, a busy and popular area with a mix of residential and secondary commercial properties. The property consists of four retail units, six one-bedroom flats, and a three-bedroom cottage, with a total current rental income of £67,800 per annum. The retail units are let to various businesses, including a deli, hairdressers, and decorators, while the flats are let to tenants on Assured Shorthold Tenancies. The property has undergone recent renovations, including a new roof, and has been diligently managed with a program of ongoing maintenance. The property is being sold freehold, subject to existing tenancies, and offers scope for rental growth.