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Paignton TQ3 Mixed use for sale
Paignton TQ3
£625,000
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 a busy and popular location on the edge of the town center. The property, which has been re-roofed within the last five years, is arranged as four retail units with six one-bedroom flats over and behind, as well as a three-bedroom cottage. The retail units are let on leases, generating a combined annual income of £14,800, while the flats are currently let at an annual income of £29,100. The property has a total annual income of £67,800, with scope for rental growth. The property is being sold freehold, subject to all residential and commercial tenancies, and is available to view by prior appointment with the sole agents, Bettesworths.