Marine Drive, Paignton
- PROPERTY TYPE
House
- BEDROOMS
8
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Six Apartments
- Fuly Occupied
- Paignton Seafront
- Yield Impressive 8.66%
Description
SUMMARY
Prime investment near Paignton seafront: 6 fully tenanted flats yield a healthy 8.66%. With stable rental income and seaside allure, this opportunity promises solid returns and long-term growth potential. Don't miss out on this lucrative investment opportunity!
DESCRIPTION
This investment opportunity presents a prime location just a stone's throw away from the picturesque Paignton seafront. The property boasts six flats, all currently occupied by tenants, ensuring immediate cash flow. With a healthy gross yield of 8.66%, this investment promises attractive returns. Paignton's desirable seaside location adds to the property's appeal, offering tenants a desirable lifestyle and potential for consistent rental demand.Moreover, the stability provided by having all units occupied by tenants minimizes vacancy risks, providing a steady income stream for investors. The strong yield indicates the property's potential to generate significant profits over time, making it an enticing option for those seeking to expand their investment portfolio or enter the real estate market.With its proximity to the seafront and a solid rental history, this investment opportunity offers both financial security and the potential for long-term growth. Don't miss out on this lucrative chance to secure a valuable asset in a sought-after location.
Accommodation
Flat One
Lounge 11' 1" max x 9' 2" max ( 3.38m max x 2.79m max )
Kitchen 8' 3" max x 9' 1" max ( 2.51m max x 2.77m max )
Bedroom 9' 1" max x 11' 6" max ( 2.77m max x 3.51m max )
Shower Room
Flat Two
Lounge 14' 6" max x 9' 1" max ( 4.42m max x 2.77m max )
Kitchen 10' 9" max x 8' 3" max ( 3.28m max x 2.51m max )
Bedroom 10' 5" max x 10' 4" max ( 3.17m max x 3.15m max )
Shower Room
Flat Three
Lounge 14' 8" max x 11' 5" max ( 4.47m max x 3.48m max )
Kitchen 15' 6" max x 7' 7" max ( 4.72m max x 2.31m max )
Bedroom 10' 8" max x 6' 9" max ( 3.25m max x 2.06m max )
Shower Room
Flat Four
Lounge 11' max x 10' 8" max ( 3.35m max x 3.25m max )
Kitchen 9' 5" max x 8' max ( 2.87m max x 2.44m max )
Bedroom 9' 3" max x 7' 9" max ( 2.82m max x 2.36m max )
Shower Room
Flat Five
Lounge 24' 6" max x 13' 4" max ( 7.47m max x 4.06m max )
Kitchen 14' 4" max x 11' max ( 4.37m max x 3.35m max )
Bedroom One 13' 3" max x 11' 5" max ( 4.04m max x 3.48m max )
Bedroom Two 13' 9" max x 10' 7" max ( 4.19m max x 3.23m max )
Bedroom Three 9' 8" max x 8' 7" max ( 2.95m max x 2.62m max )
Workshop 9' 1" max x 8' 9" max ( 2.77m max x 2.67m max )
Studio Flat 6
Lounge/Bedroom 15' 8" max x 12' 4" max ( 4.78m max x 3.76m max )
Kitchen 13' 7" max x 7' 7" max ( 4.14m max x 2.31m max )
Shower Room
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Brochures
PDF Property ParticularsFull DetailsCouncil TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
Marine Drive, Paignton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station0.5 miles
- Torquay Station1.6 miles
- Torre Station2.3 miles
About the agent
| Setting the pace in estate agency since 1936
We opened the doors to the first Connells branch more than 80 years ago and have since gone on to become one of the most successful estate agency groups in the UK. We have over 180 branches covering the Midlands and South of England, each one operated by staff committed to providing you with a first-class, hassle free service.
| Call into your local Connells branch in Paignton for all your property needs
At Connells our team are
Industry affiliations
Notes
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*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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