Paignton TQ3 Mixed use for sale

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Paignton TQ3 Mixed use for sale

Paignton TQ3
£380,000

Our Summary

  • This investment presents a strong opportunity with existing tenants in place and scope to increase returns through re-letting of the vacant office and possible improvements
  • 44m) (Potential for additional rental income or landlord's use)
  • Additional Rear Yard with Storage Unit, Offering Further Income Potential

Description

This mixed-use freehold investment property is situated on a prominent roadside corner in Paignton, Devon, with a rental income of £32,640 per annum when fully let. The property comprises two ground-floor commercial units, currently a restaurant and a vacant office, and two self-contained residential flats above. The restaurant is let on a commercial lease, while the office and flats are currently vacant. The property also features a yard with parking for two cars, bin storage, and an external store. The asking price is £380,000, with a current income of £21,240 per annum and potential to increase returns through re-letting of the vacant office and possible improvements. The property is freehold, subject to occupational tenancies, with an EPC rating of E for all units.