Auction Lot: Mixed-use Investment Property - Paignton Devon, Devon
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Mixed use property for sale
Key features
- Our Ref: CD-90331To be sold by Public Auction 27/8/26
- Guide Price: £250,000 - £260,000
- Prominent Grade II mixed-use freehold investment property
- Current rent £27,200 per annum
- Potential rent £32,200 per annum
Description
A prominent Grade II mixed-use freehold investment occupying a corner position at the entrance to Winner Street, fronting the busy Totnes Road. The property comprises a ground-floor retail unit currently occupied as part of a carpeting business, together with ground and first floor commercial offices occupied by a firm of solicitors. The second floor is currently vacant.
Ground & first floor offices - let to Lister Langley Solicitors at £20,000 per annum till November 2029 EPC rating D
Second Floor Rooms - vacant. Terms under discussion for the solicitor tenant to take this floor at an additional £5,000 per annum (£25,000 per annum total) in return for a lease extension
4 Winner Street - Retail premises let to DJ Carpets at £7,200 - Holding over EPC rating C
Current rent £27,200 per annum, rising to £32,200 per annum on completion of the second floor letting
Please note the two-bedroom basement flat at 2 Winner Street is excluded from the sale and is being retained by the vendor on a new 999 year lease. The sale is conditional upon completion of that lease, with an extended completion timescale to allow for this. Full details in the legal pack.
LINK - sq_j6f3-290726/for-auction-paignton
Brochures
Auction Lot: Mixed-use Investment Property - Paignton Devon, Devon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station0.3 miles
- Torquay Station2.3 miles
- Torre Station2.9 miles
Notes
Disclaimer - Property reference 20074. 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 Charles Darrow, 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.
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.”