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Mixed use for sale
Property description & features
- Large Mixed Use Investment For Sale
- Located On Paignton's Highly Sought After "Golden Mile"
- Close To Paignton Town Centre, Sea Front, Rail & Coach Stations
- Ground Floor Catering Unit & 3 x 2 Bedroom Self Contained Flats
- All Currently Let Producing an Income of £31,688 Per Annum
16 TORBAY ROAD - COMMERCIAL UNIT
GIA - 43m² (463 sq ft). Let to a Private Individual T/a Oggy Oggy Pasty Shop, at a rent of £11,000 per annum until 31st December 2028. Tenant break option on 31st December 2027.
5 QUEENS PARK ROAD - RESIDENTIAL ACCOMMODATION
Accessed via an external staircase at the rear of the premises.
ENTRANCE LOBBY
With door to flat x and stairs leading up to the other two flats.
LANDLORD STORE - 9' 10'' x 3' 11'' (3.00m x 1.20m)
FIRST FLOOR FLAT
LOUNGE - 18' 4'' x 13' 5'' (5.58m x 4.08m)
KITCHEN - 8' 2'' x 6' 11'' (2.48m x 2.10m)
BEDROOM - 17' 1'' x 8' 8'' (5.20m x 2.65m)
Located at the rear of the property with a balcony and views over local sports fields and towards Roundham.
BEDROOM - 11' 10'' x 14' 7'' (3.60m x 4.44m)
BATHROOM - 6' 11'' x 6' 8'' (2.12m x 2.03m)
UTILITY ROOM - 6' 9'' x 3' 7'' (2.06m x 1.10m)
With space for washing machine, tumble dryer and storage.
SECOND FLOOR FLAT
Large 2-bedroom flat or similar size and layout to the First Floor Flat.
THIRD FLOOR FLAT
LOUNGE/KITCHEN - 19' 7'' x 10' 10'' (5.96m x 3.30m) (max)
'L' shaped room.
BEDROOM - 19' 7'' x 10' 10'' (5.96m x 3.30m)
BEDROOM - 16' 0'' x 13' 0'' (4.87m x 3.97m)
SHOWER ROOM
WC
RENTS
The current rental breakdown is: Ground Floor Commercial Unit - £11,000 Per Annum. Flat 1- £580 Per Month. Flat 2- £550 Per Month. Flat 3- £550 Per Month. Parking Space- £43.34 Per Month.
UTILITIES
All the units are separately metered for utilities. The flats are each on economy 10 and aren't connected to gas.
BUSINESS RATES
2023 List: £7,400. The commercial tenant is responsible for their own business rates. 100% Small Business Rates Relief is available for eligible parties on this premises.
COUNCIL TAX BANDS
Flat 1 - A.Flat 2 - B.Flat 3 - B.
EPC RATINGS
Commercial Unit - Awaited.Flats 1 & 2 - Awaited.Flat 3 - E.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Sole Agents, Bettesworths.
Tenure: Freehold
Property information from this agent
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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