Paignton
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- SECTOR
Mixed use property for sale
Key features
- Well Managed Mixed Use Investment Property in Central Paignton
- High Yielding with Current Rental Income of £67,800 Per Annum
- Excellent Risk Spread Across 6 Residential Flats + 3 Bedroom House & 4 Shops
- Opportunity for Continued Rental Growth
- Presented in Very Well Managed & Maintained Condition
Description
Winner Street is a busy and popular mixed residential and secondary commercial location on the edge of Paignton town centre. The area is home to many independent retailers and other small businesses but is anchored by a large Co-op convenience store. Winner Street is a one way traffic thoroughfare, routing vehicles from Totnes Road coming into Paignton to Church Street and Colley End/Marldon Road beyond. Access to the town centre for residents is easy and convenient, as well as its access to the immediately available amenities of Winner Street itself. The area is a flat level walk to the heart of Paignton town centre and Paignton seafront. 101-105 Winner Street is a mixed use investment property arranged as 4 road fronting retail units, with 6 x one bedroom flats over and behind arranged around a courtyard and an additional 3 bedroom cottage. The main property has been entirely re-roofed within the last 5 years, and the property has been diligently managed, being subject to a going programme of maintenance; including new double glazed windows.
RETAIL UNITS
101 WINNER STREET
Internal Area Approx. 26m2 (280 sq ft).
Let on lease from30th July 2024 at a rent of £400 pcm (£4,800 per annum). Trading as Supa Dopamine Deli.
103 WINNER STREET
Internal Area Approx. 23m2 (248 sq ft).
Let on a lease from July 2024 at a rent of £400 pcm (£4,800 per annum). Trading as T & E Hairdressers.
105 WINNER STREET
Internal Area Approx. 37.8m2 (406 sq ft).
Let on a lease from March 2019 at a rent of £400 pcm (£4,800 per annum). Trading as O'Neill & Holman Decorators.
RESIDENTIAL ACCOMMODATION
FLAT 1
A split level one bedroom flat. Ground floor access, outside door to yard.
Currently Let at £575 pcm.
FLAT 2
A one bedroom first floor flat.
Currently Let at £490 pcm.
FLAT 3
A one bedroom first floor flat, with independent gas supply.
Currently Let at £500 pcm.
FLAT 4
A one bedroom, split level first floor flat.
Currently Let at £500 pcm.
FLAT 5
A one bedroom second floor flat.
Currently Let at £575 pcm.
105B
A one bedroom first floor flat, with independent gas supply.
Currently Let at £500 pcm.
THE COTTAGE @ 105 WINNER STREET
A 3 bedroom independently accessed from the courtyard cottage. Independent gas supply.
Currently Let at £750 pcm.
TOTAL INCOME £67,800 PER ANNUM
With scope for rental growth.
UTILITIES
Other than where stated the flats are independently supplied for electricity on key or card electricity meters.
Flats, 3, flat 105b and the cottage have independent gas supplies.
The shops are independently supplied for electricity. Each unit has its own independent water supply.
The Landlord has an electricity supply for the communal areas and fire alarms.
TENURE
The property is being sold Freehold, subject to all Residential Occupational AST's and Commercial Tenancies.
LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
Interested parties are requested to be respectful of all tenants ongoing businesses and quiet residential enjoyment.
EPC'S
Flat 1 - D (Expires January 2033).
Flat 2 – D (Expires June 2033).
Flat 3 - E (Expires August 2030).
Flat 4 - C (Expires June 2033).
Flat 5 – C (Expires June 2033).
Cottage – C (Expires August 2030).
101 Winner Street – D (Expires December 2031).
103 Winner Street – D (Expires January 2030).
105 Winner Street – D (Expires March 2029).
105B – C (Expires August 2030).
Energy Performance Certificates
Energy Performance CertificateBrochures
Paignton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station0.3 miles
- Torquay Station2.2 miles
- Torre Station2.8 miles
Notes
Disclaimer - Property reference 12161499. 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, 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.
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