Westcoast Residential joins Absolute
Sold STC
Guide Price £395,000

Commercial property for sale

Shortlist

Key features

  • Mixed Use Investment For Sale
  • Great Location Situated On Paignton’s “Golden Mile”
  • Comprising Ground Floor Thai Restaurant, 1 x 2 Bed Flat, 2 x 1 Bed Flats
  • Producing An Income Of £34,800 Per Annum (£2,900 Per Month)
  • Great Investment Opportunity Not To Be Missed
  • Close To Paignton Town Centre, Sea Front & Rail & Coach Stations

The property, which is being sold as an investment, comprises a Thai restaurant which is let on a 10 year lease from 2022 at a rent of £18,000 Per Annum, accessed from the rear of the property there are 3 self-contained flats, 1 x 2 bed and 2 x 1 bed, all are let on ASTS.

 The current rent breakdowns & EPC Ratings are:

Ground Floor Restaurant- £18,000 Per Annum - EPC Rating: D

Flat 1- £400 Per Month - EPC Rating: TBC

Flat 2- £450 Per Month - EPC Rating: E

Flat 3- £550 Per Month - EPC Rating: D

 Internal viewing of this great investment opportunity is highly recommended and is strictly by prior appointment with the Agents.

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.

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For sale in Torbay Road, Paignton 0

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Location