£425,000

Commercial property for sale

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Freehold

Guide price

£425,000

Commercial property for sale

Torbay Road, Paignton TQ4

Local area information

Property location

Nearby amenities

  • Paignton 0 miles
  • Curledge Street Academy 0.3 miles
  • Sacred Heart Catholic School 0.4 miles
  • Torquay 2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Attention investors
  • Mixed Use Investment For Sale
  • Great Location Situated On Paignton’s “Golden Mile”
  • Investment Opportunity Not To Be Missed
  • Close To Paignton Town Centre, Sea Front, Rail & Coach Stations
  • Ground Floor Catering Unit & 3 x 2 Bedroom Self Contained Apartments
  • All Currently Let Producing an Income of £32,180 Per Annum
  • Viewing Highly Recommended
The property, which is being sold as an investment, comprises a catering unit which is let on an expired lease (tenant holding over) at a rent of £11,500 Per Annum, accessed from the rear of the property there are 3 self-contained flats, all our large 2 bedroomed apartments, all are currently let on asts. There is the benefit of private off road parking for 4 vehicles.

The current rent breakdowns are:

Ground Floor Commercial Unit- £11,500 Per Annum

Flat 1- £580 Per Month

Flat 2- £550 Per Month

Flat 3- £550 Per Month

Parking Space- £43.34 Per Month

Location

The property is situated on Torbay Road which is known as Paignton’s ‘Golden Mile’. This main road leads from the railway station and town centre down to the seafront and is Paignton’s premier holiday shopping street ensuring constant heavy footfall. Torbay Road benefits from a large seasonal boost when Paignton swells with visitors. There are many all year-round attractions nearby such as the Dartmouth Steam railway, the Vue cinema and the Geoplay Park to name a few.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Absolute Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Absolute Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Devon
  4. Paignton
  5. Torbay Road

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