Mixed Use for sale

Paignton

£675,000

Property Description

Key features

  • Set of Investment Properties in Town Centre Location
  • The Properties Comprise 1 Shop, 2 HMOs and 1 Ground Floor Flat
  • Residential Units Let on Assured Shorthold Tenancies
  • Commercial Unit Let at 8,500 Per Annum, Lease Expiring May 2023
  • Gross Rental Income 69,040 Per Annum (Fully Let)

Full description

This diverse package comprises a ground floor flat, 2 houses of multiple occupancy [HMO] and a commercial ground floor retail unit, currently occupied by Absolute Sale & Letting Limited, on a five year lease expiring May 2023.

The two HMO's are accessed via external stairwells via first floor entrances. Both HMO's are delivered to a high standard, benefitting from key pad entry system, CCTV and smart TV and intercome devices in many of the rooms. The property currently has 100% occupancy offering an attractive opportunity to investors looking for a sizeable return and annual income.

The ground floor flat to the rear of the property is smartly presented and has the benefit of private access, two bedrooms, kitchen, living space, family bathroom and utility rooms.

Positioned on Hyde Road the properties benefit from being in the centre of Paignton, close to local amenities, the high street, seafront and public transport connections. The premises are well situated for tenants both for their living and working needs.

Due to the scale of the accommodation on offer, viewing is highly recommended to appreciate the quality of the property. The property would suit investors looking to expand their portfolio, as well as those who may be new to property investment, looking to maximise their return from one location.


34 HYDE ROAD 
Ground floor lock up retail unit. Let at £8,500 per annum, lease expiring May 2023.

RETAIL AREA 
32' 6'' x 17' 1'' (9.9m x 5.2m)

ANCILLARY AREA 
11' 2'' x 10' 10'' (3.4m x 3.3m)

RATEABLE VALUE  
2017 List: £8,900. Please note Rates are the responsibility of the tenant. Interested parties are advised to make their own enquries with the Local Billing Authority, Torbay Council.

34B HYDE ROAD  
Two bedroom flat. Currently let at £7,740 per annum.

34B - HALLWAY ENTRANCE 
Leading onto:-

34B- BEDROOM  
13' 9'' x 8' 6'' (4.2m x 2.6m)

34B - KITCHEN 
13' 9'' x 9' 10'' (4.2m x 3m)

34B - LIVING ROOM 
12' 2'' x 13' 5'' (3.7m x 4.1m)

34B - FAMILY BATHROOM 
7' 7'' x 7' 3'' (2.3m x 2.2m)

34B - SECOND BEDROOM 
10' 6'' x 11' 6'' (3.2m x 3.5m)

34B - UTILITY ROOM 
5' 11'' x 9' 10'' (1.8m x 3m)

34B - COUNCIL TAX BAND A 

34A HYDE ROAD  
(HMO) Rental income £26,400 per annum (fully let).

34A - FIRST FLOOR HALLWAY ENTRANCE 
Leading to:-

34A - KITCHEN 
12' 2'' x 10' 2'' (3.7m x 3.1m)

34A COMMUNAL BATHROOM 
23' 4'' x 8' 2'' (7.1m x 2.5m)

34A - BEDROOM 5 
6' 11'' x 12' 10'' (2.1m x 3.9m)

34A - BEDROOM 4 
10' 2'' x 12' 10'' (3.1m x 3.9m)
With en-suite.

34A - BEDROOM 3 
10' 10'' x 11' 6'' (3.3m x 3.5m)
With en-suite.

34A - SECOND FLOOR 

34A - LANDING  
5' 11'' x 6' 11'' (1.8m x 2.1m)

34A - BEDROOM 2 
12' 10'' x 13' 1'' (3.9m x 4m) (max)
With en-suite.

34A - BEDROOM 1 
11' 10'' x 12' 10'' (3.6m x 3.9m) (max)

34A - COUNCIL TAX BAND B 

36B HYDE ROAD  
(HMO) Rental income £26,400 per annum (fully let).

36B - FIRST FLOOR ENTRANCE HALLWAY 
Leading to:-

36B - KITCHEN 
10' 6'' x 9' 2'' (3.2m x 2.8m)

36B - BEDROOM 5 
10' 2'' x 11' 0'' (3.1m x 3.35m)
With en-suite.

36B - BEDROOM 4 
8' 10'' x 11' 6'' (2.7m x 3.5m)
With en-suite.

36B - BEDROOM 3 
10' 2'' x 12' 10'' (3.1m x 3.9m)
With en-suite.

36B - LIVING ROOM 
12' 10'' x 6' 7'' (3.9m x 2m)

36B - SECOND FLOOR 

36B - LANDING 
Leading to:-

36B - UTILITY SPACE 

36B - COMMUNAL BATHROOM 
12' 6'' x 12' 10'' (3.8m x 3.9m)

36B - BEDROOM 2  
(Unmeasured).

36B - COUNCIL TAX BAND A 

EPC RATINGS 
34 Hyde Road C. 34A Hyde Road E. 34B Hyde Road Awaited. 36A Hyde Road E.

TENANCY 
For further details on tenancies and current occupancy, please contact the Agents, Bettesworths.

VIEWING 
Viewing is highly recommended and can be arranged strictly by prior appointment with the Sole Agents, Bettesworths.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Paignton (0.1 mi)
  • Torquay (2.0 mi)
  • Torre (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Paignton (0.1 mi)
  • Torquay (2.0 mi)
  • Torre (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 9032898. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths, Torquay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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