Auction Lot 26: 3 cottages & 2 Flats, Kingsteignton, Newton Abbot , Kingsteignton, Devon
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- SIZE
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- SECTOR
Commercial property for sale
Key features
- Our Ref: CD-90309
- To be sold by Public Auction 18/9/25
- Guide Price: £475,000–£500,000
- Occupied investment comprising 2 flats & 3 cottages
- Additional two lock-up garages/workshop & Car park
- Held under 3 separate titles (break-up potential)
- Current rent: £31,920 p.a.
- ERV: £40,000 p.a. + £3,000–£4,000 from garages
- Popular location close to Newton Abbot & A38
Description
51 Gestridge Road is a substantial freehold investment property in the heart of Kingsteignton, arranged as two self-contained flats, three modern two-storey cottages, and two lock-up garages/workshop. The property is held on three separate titles, giving excellent flexibility for long-term investment, management, or future resale on a break-up basis.
Currently producing £31,920 per annum, with an estimated rental value of £40,000 per annum plus £3,000–£4,000 per annum from the garages, the property offers immediate income with further growth potential.
Kingsteignton is a thriving town on the edge of Newton Abbot, offering a wide range of local amenities, schools, shops, and leisure facilities. Nearby Newton Abbot provides a mainline railway station with regular services to Exeter, Plymouth, and London Paddington. The A38 Devon Expressway is easily accessible, linking to Exeter, the M5 and beyond, whilst the South Devon coast and Dartmoor National Park are both within easy reach.
Brochures
Auction Lot 26: 3 cottages & 2 Flats, Kingsteignton, Newton Abbot , Kingsteignton, Devon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newton Abbot Station1.3 miles
- Teignmouth Station4.5 miles
Notes
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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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