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Paignton, Devon, TQ3

PROPERTY TYPE

Block of Apartments

BEDROOMS

7

SIZE

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TENURE
Describes 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

  • b bedroom Lodge
  • 4x 1 bedroom flats
  • Great location
  • Tenants in Situ
  • Great Investment
  • Parking

Description

A great residential investment/development opportunity to acquire this detached building consisting of 4 x apartments, along with a large 3-bedroom lodge, set in an ideal, tree-lined location within Paignton, Devon. Due to the good accommodation on offer, there is rarely much movement of tenants. Situated within the beautiful town of Paignton, with low overheads and ample parking for all, this is an opportunity not to be missed. Early viewings are highly recommended.

Paignton is one of the UK's most popular holiday destinations, with a good year-round trade and a busy residential population. It is only a short distance from Dartmouth and Brixham, and equidistant to the cities of Plymouth and Exeter, with its international airport, mainline train station, and the M5 motorway. Situated on St Andrews Road, the property is located just a short walking distance from the picturesque Marina and Harbour, which is a level walk along the Esplanade with lovely sea views.

This property has been successfully owner-operated for many years, together with a local agent who, when required, obtains new tenants for the owner. The passive income is impressive, and due to the low overheads, the subsequent net profits are very good too. This turnkey investment offers much higher returns than a bank and not to mention the capital growth! Actual trading accounts will be made available following a successful formal viewing.

ACCOMMODATION COMPRISES

HOLLY LODGE
4 x self-contained apartments.

HOLLY COTTAGE
1 x three-bedroom lodge.

FIXTURES AND FITTINGS
All trade fixtures and fittings will be included in this sale. A full inventory will be provided prior to the exchange of contracts. No testing of these fixtures or any appliances has been undertaken by the agents, Ware Commercial.

SERVICES
Mains gas, electricity, water, broadband, and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial. All services have been separated apart from the water, which is included in the tenants' rent.

COUNCIL TAX
Please make enquiries on the local valuation website (VOA).

TENURE
Freehold (the property is offered tenanted and both Holly Cottage and Holly Lodge are on separate titles or can be put together subject to exchange of contracts, if required).

VIEWINGS
All viewings and enquiries are to be made through the agents, Ware Commercial.

TEL. or
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COUNCIL 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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Paignton, Devon, TQ3

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About Ware Commercial, Torquay

16a Fore Street, St. Marychurch, Torquay, TQ1 4NA

Ware Commercial have offices based in Torquay, Exeter and Bournemouth and offer businesses and commercial properties for sale primarily throughout the South West of the UK. Drawing on over 45 years of experience, we specialise in the valuing, marketing and selling of businesses, land and commercial properties.

Our range of commercial properties and businesses for sale includes hotels, guest houses, holiday flats, retail stores, shops, salons, industrial properties, warehouses, offices, restaurants, cafes, takeaways, camp sites, investment properties, pubs, development properties and land.

Your mortgage

Per year
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%
Choose between 1 and 40 years
Years
%
Monthly repayments
£2,778
We think you can borrow up to
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Disclaimer - Property reference Hollyresisite. 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 Ware Commercial, 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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