Auction Lot: Block of 11 Self-contained Flats in Paignton, Devon
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- SECTOR
Commercial property for sale
Key features
- Our Ref: CD-90630
- To be sold by Public Auction on 6/6/24
- Sizeable detached block of 11 flats
- Close to town centre and seafront
- 9 x 1 bedroom self-contained flats
- 2 x 2 bedroom self contained flats
- Ample car parking to front and rear
- Fully let, producing £76,740pa
- EPC ratings C-D
Description
An opportunity to acquire an established residential investment. comprising 11 flats in a substantial detached property, centrally located in Paignton. The property is fully occupied and producing an annual rental income of £76,740. Having considered comparable flat rentals in the immediate vicinity of the property, we believe the property may be under-rented. The property comprises 9 x 1 bedroom flats and 2 x 2 bedroom flats. The property benefits from a parking forecourt and a sizeable car park to the rear.
Auction Lot: Block of 11 Self-contained Flats in Paignton, Devon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station0.2 miles
- Torquay Station2.3 miles
- Torre Station3.0 miles
About Charles Darrow, Devon
12 St. Pauls Road, Newton Abbot, Devon, TQ12 2HP
Charles Darrow was established by Jon Clyne and Paul Heather as an opportunity to use their extensive knowledge and experience to create a commercial property agency that is straight-talking and offers a more personal service. After many years working in a corporate environment, they found, that following the recession less staff and increased caseloads meant it was not possible to give people the best service.
Our team at Charles Darrow pride themselves on being friendly and profession
Notes
Disclaimer - Property reference 22658. 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 Charles Darrow, Devon. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Charles Darrow, Devon on 01626 242917.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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