Paignton
- PROPERTY TYPE
House of Multiple Occupation
- SIZE
Ask agent
- 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
- Freehold Residential Investment For Sale
- Six Letting Units with Established Occupancy History
- Producing £30,356.04 Per Annum (When Fully Let)
- Recently Decorated External Elevations and Well-Managed Investment
- Rear Parking Space Included
Description
Situated within the heart of Paignton, 5 New Street occupies a convenient town centre location within walking distance of shops, supermarkets, public transport links, the railway station and seafront.The property benefits from easy access to local employment opportunities and amenities, making it particularly attractive to tenants seeking affordable and conveniently located accommodation. An excellent opportunity to acquire a freehold residential investment property comprising six letting units with a current gross rental income of £30,356.04 per annum (when fully let). The accommodation is arranged as a mixture of 2x self-contained flats and 4x studio-style units with shared bathroom facilities.
FLAT 1
One-bedroom self-contained flat comprising bedroom, kitchen/lounge and private shower room/WC.
FLAT 2
Studio room with access to shared shower and WC facilities.
FLAT 3
One-bedroom unit comprising bedroom and kitchen/lounge area with shared shower and WC facilities.
FLAT 4
Studio room with shared shower and WC facilities.
Currently vacant following the relocation of the tenant to Flat 6.
FLAT 5
One-bedroom flat with additional small room, kitchen/lounge and private shower room/WC.
FLAT 6
Studio room with shared shower and WC facilities.
TENURE
Freehold, subject to the existing residential occupancies.
RENT SCHEDULE
Flat 1 - 1 Bedroom Self-Contained Flat.
Flat 2 - Studio with Shared Facilities.
Flat 3 - 1 Bedroom Unit with Shared Facilities.
Flat 4 - Studio with Shared Facilities - Vacant.
Flat 5 - 1 Bedroom Flat with Additional Room.
Flat 6 - Studio with Shared Facilities.
Gross Rental Income: £30,356.04 per annum (when fully let).
ASKING PRICE
£265,000 Freehold.
EPC RATING
The property has the following EPC ratings:
Flat 1 – D. Flat 2 – C. Flat 3 – C. Flat 4 – D. Flat 5 – D. Flat 6 – D.
Copies of EPC certificates are available upon request.
COUNCIL TAX
The landlord currently pays council tax on four of the units at approximately £1,560 per annum. Flat 1 and Flat 5 are separately assessed and are the responsibility of the occupiers.
UTILITIES
The building is connected to mains electricity, water and drainage, with no gas supply connected.
Heating is provided by a combination of night storage heaters and electric panel heaters.
Tenants have individual electricity meters connected directly to their supplier and manage their own accounts through a mobile application. The Landlord pays the water.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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.
- Ask agent
- 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.
- Ask agent
- 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
Paignton
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 12872263. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.