No longer on the market
This property is no longer on the market
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Key information
Features and description
- High Quality Freehold Residential Investment Opportunity
- 5 Self Contained Residential Units Mixture of 1 & 2 Bedroom Flats
- Renovated to a High Quality Specification and 2 With Balconies
- Gross Rental Income of £49,800 Per Annum
- Desirable Location in Central Preston, Paignton
High-Quality Freehold Residential Investment Opportunity. 5 Self-Contained Residential Units – Mixture of 1 & 2 Bedroom Flats.
Torquay Road is the main road connecting Paignton and Torquay. This property is ideally located in the central Preston area of Paignton.
Preston has become a highly sort after residential area with its parade of independent and national retailers and its easy access to Preston Sands. The property is well located on local bus links and makes it an ideal location for a residential investment.
The freehold investment of the property is offered for sale and consists of five purpose-built flats over first and second floors.
The retail unit below has been split off onto long leasehold title and is not included with the sale of the freehold.
The flats have been managed well and renovated to a high standard over the last 4 years and offer an extremely well-maintained residential investment.
335A FLAT 1
1-bedroom flat on first floor, own entrance at rear and small outdoor space shared with flat 2.
335A FLAT 2
1-bedroom flat on first floor, outdoor space shared with flat 2.
335B FLAT 1
2-bedroom flat on first floor. Approx. 80sqm.
335B FLAT 2
2-bedroom flat on second floor. Approx. 70sqm. Outside balcony running length of flat with sea views.
335B FLAT 3
2-bedroom flat on second floor. Outside balcony running length of flat.
RENTS
335A FLAT 1 - £725 PCM - £8,700 PA. 335A FLAT 2 - £750PCM - £9,000 PA.335B FLAT 1 - £900 PCM - £10,800 PA.335B FLAT 2 - £850PCM - £10,200 PA. 335B FLAT 3 - £925 PCM (Currently Vacant) - £11,100 PA.TOTAL - £4,150 PCM - £49,800 PA.
UTILITIES
Each flat has an individual electric, gas, and water meter, which tenants are responsible for. Each flat benefits from gas central heating and a gas combi boiler.
TENURE
The freehold of the property is offered for sale, subject to the assured shorthold tenancies of the flats and the long leasehold of the commercial unit below.
EPC RATINGS
335A FLAT 1 - B.335A FLAT 2 - B.335B FLAT 1 - C.335B FLAT 2 - D.335B FLAT 3 - D.
COUNCIL TAX BANDS
335A FLAT 1 - A.335A FLAT 2 - A.335B FLAT 1 - A.335B FLAT 2 - B.335B FLAT 3 - A.
VIEWING
Viewings can be arranged by prior appointment with the Sole Agents, Bettesworths.[use Contact Agent Button].
Council Tax Band: A
Tenure: Freehold
Torquay Road is the main road connecting Paignton and Torquay. This property is ideally located in the central Preston area of Paignton.
Preston has become a highly sort after residential area with its parade of independent and national retailers and its easy access to Preston Sands. The property is well located on local bus links and makes it an ideal location for a residential investment.
The freehold investment of the property is offered for sale and consists of five purpose-built flats over first and second floors.
The retail unit below has been split off onto long leasehold title and is not included with the sale of the freehold.
The flats have been managed well and renovated to a high standard over the last 4 years and offer an extremely well-maintained residential investment.
335A FLAT 1
1-bedroom flat on first floor, own entrance at rear and small outdoor space shared with flat 2.
335A FLAT 2
1-bedroom flat on first floor, outdoor space shared with flat 2.
335B FLAT 1
2-bedroom flat on first floor. Approx. 80sqm.
335B FLAT 2
2-bedroom flat on second floor. Approx. 70sqm. Outside balcony running length of flat with sea views.
335B FLAT 3
2-bedroom flat on second floor. Outside balcony running length of flat.
RENTS
335A FLAT 1 - £725 PCM - £8,700 PA. 335A FLAT 2 - £750PCM - £9,000 PA.335B FLAT 1 - £900 PCM - £10,800 PA.335B FLAT 2 - £850PCM - £10,200 PA. 335B FLAT 3 - £925 PCM (Currently Vacant) - £11,100 PA.TOTAL - £4,150 PCM - £49,800 PA.
UTILITIES
Each flat has an individual electric, gas, and water meter, which tenants are responsible for. Each flat benefits from gas central heating and a gas combi boiler.
TENURE
The freehold of the property is offered for sale, subject to the assured shorthold tenancies of the flats and the long leasehold of the commercial unit below.
EPC RATINGS
335A FLAT 1 - B.335A FLAT 2 - B.335B FLAT 1 - C.335B FLAT 2 - D.335B FLAT 3 - D.
COUNCIL TAX BANDS
335A FLAT 1 - A.335A FLAT 2 - A.335B FLAT 1 - A.335B FLAT 2 - B.335B FLAT 3 - A.
VIEWING
Viewings can be arranged by prior appointment with the Sole Agents, Bettesworths.[use Contact Agent Button].
Council Tax Band: A
Tenure: Freehold
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