Westcoast Residential joins Absolute
Sold STC
Offers in Excess of £250,000

Commercial property for sale

Shortlist

Key features

  • Commercial investment comprising 2 x catering units
  • Great location situated on Paignton’s “Golden Mile”
  • Investment opportunity not to be missed
  • Close to Paignton town centre, sea front, rail & coach stations
  • Long leasehold for a term of 2000 years from June 1973
  • Perfect opportunity for a SIPP purchase
  • Both units let on 5 year leases from 2022
  • Income £23,000 per annum
  • Not to be missed- viewing highly recommended

The property, which is being sold as an investment, comprises two catering units which are both let on 5 year leases from 2022, producing an income of £23,000 Per Annum. The property is long leasehold for a term of 2000 years from 2022, at a peppercorn rent.

 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 Geo play Park to name a few.

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

Torbay Road, Paignton

1 Property image

For sale in Torbay Road, Paignton 0

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Location