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Mixed Use for sale



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.

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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