Paignton
- PROPERTY TYPE
Block of Apartments
- 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
- Substantial Freehold Investment Arranged as 6 Self-Contained Flats
- Fully Let Producing an Income of Circa £57,300 Per Annum
- Comprising 3 Studios, 1 One-Bedroom and 2 Two-Bedroom Flats
- Prime Coastal Location Approximately 100 Yards from the Seafront
- Off-Road Driveway Parking and Private Garden for Flat 6
Description
The property is situated in a highly desirable coastal position within Paignton, just 100 yards from the seafront, beach and pier, and a short, level walk to the town centre. Paignton is a popular seaside destination, particularly attractive to families due to its long sandy beach and traditional pier offering amusements and attractions. The nearby towns of Brixham (approximately 4 miles) and Torquay (approximately 3 miles) further enhance the appeal, making this an excellent location for both tenants and investors seeking a strong rental market driven by tourism and local amenities. This substantial freehold property represents an excellent ready-made investment opportunity, producing a strong income with all six flats currently let. The building has been thoughtfully arranged to provide a mix of accommodation, appealing to a broad tenant base and ensuring consistent occupancy. The property comprises three studio apartments, one one-bedroom apartment, one two-bedroom apartment and a spacious two-bedroom split-level apartment (Flat 6) with its own private entrance and exclusive use of the rear garden. Each unit is self-contained including kitchen facilities and shower rooms. The majority of apartments benefit from uPVC double glazing and electric heating. The building is served by gas central heating via two boilers, with the landlord supplying hot water and heating. Externally, there is off-road driveway parking to the front of the property.
COMMUNAL AREAS
Communal entrance hall with access to 5 flats, fire alarm system and stairs to upper floors.
FLAT 1 – STUDIO
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
FLAT 2 – STUDIO
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
FLAT 3 – STUDIO
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
FLAT 4 – ONE BEDROOM APARTMENT
Lounge/kitchen, one bedroom and bathroom with bath and shower attachment.
FLAT 5 – TWO BEDROOM APARTMENT
Lounge/kitchen, two bedrooms and shower room.
FLAT 6 – TWO BEDROOM SPLIT-LEVEL APARTMENT
Own private entrance. Arranged over split levels with lounge, kitchen, two bedrooms, shower room and additional cloakroom. Private rear garden.
OUTSIDE
Driveway parking to the front with space for 3 vehicles. Enclosed rear garden allocated to Flat 6.
TENURE
Freehold, subject to the 6 residential ASTs.
RENT SCHEDULE
Flat 1 - £675 pcm.
Flat 2 - £675 pcm.
Flat 3 - £675 pcm.
Flat 4 - £790 pcm.
Flat 5 - £915 pcm.
Flat 6 - £1,045 pcm.
Gross Monthly - £4,775.
Gross Annually - £57,300.
EPC
Flats 1 & 3 – C.
Flat 2 – B.
Flats 4, 5 & 6 – D.
COUNCIL TAX
All apartments are Band A (Torbay Council).
LEGAL COSTS
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
VIEWING
Is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths. Tel. .
Brochures
Property BrochureFull Details- 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.
- Band: A
- 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.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Paignton
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Visit our security centre to find out moreDisclaimer - Property reference 12849598. 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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