£325,000
Est. Mortgage £1,626 per month*
Studio flat for sale
Paignton TQ4
studio Flat Property description
Mixed Use Freehold Investment Premises.Producing an Income of Over £25,000 PA when Fully Let.
Situated on Torbay Road, which connects Paignton town centre to the seafront, the premises enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. It is also walking distance to Paignton’s Sea Front, Town Centre and rail & coach station. The area is a highly sought after residential and commercial location. A terrace property with ground floor commercial unit currently vacant. When let the unit will produce an income of £10,000 per annum.The 2 residential apartments are accessed via an external staircase at the rear of the property. 73a is let on an AST at a rent of £600 per month, 73b, a maisonette, is let for £695 per month. The current set up lends itself perfectly to either retaining under one freehold as a mixed-use investment or, to split the units on separate titles to realise a potential capital uplift.
RETAIL UNIT – 80.63m2
Currently Vacant.
SELF CONTAINED RESIDENTIAL ACCOMMODATION
Access via rear lane and external staircase. The apartments are separately metered for gas & electricity. Water is included in the monthly rent.
73A APARTMENT
Hall, bathroom, double bedroom with rear aspect, open plan lounge and fully fitted kitchen with front aspect.
73B MAISONETTE
Hall, WC, double bedroom with rear aspect, fully fitted kitchen and lounge with front aspect. Stairs to first floor. Family bathroom, double bedroom.
GENERAL INFORMATION
TENURE
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancies.
COMMERCIAL LEASE
The premises is currently vacant. When let it will produce a rent of £10,000 per annum.
RATEABLE VALUE
2023 List: £9,800. Please note this is not Rates Payable. The tenant is responsible for all Rates Payable.
COUNCIL TAX BAND A
SERVICES
The premises is connected to all mains services.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.[use Contact Agent Button]. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC RATINGS
73 Torbay Road - awaited.73A Torbay Road - D. 73B Torbay Road - D.
Council Tax Band: A
Tenure: Freehold
Situated on Torbay Road, which connects Paignton town centre to the seafront, the premises enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. It is also walking distance to Paignton’s Sea Front, Town Centre and rail & coach station. The area is a highly sought after residential and commercial location. A terrace property with ground floor commercial unit currently vacant. When let the unit will produce an income of £10,000 per annum.The 2 residential apartments are accessed via an external staircase at the rear of the property. 73a is let on an AST at a rent of £600 per month, 73b, a maisonette, is let for £695 per month. The current set up lends itself perfectly to either retaining under one freehold as a mixed-use investment or, to split the units on separate titles to realise a potential capital uplift.
RETAIL UNIT – 80.63m2
Currently Vacant.
SELF CONTAINED RESIDENTIAL ACCOMMODATION
Access via rear lane and external staircase. The apartments are separately metered for gas & electricity. Water is included in the monthly rent.
73A APARTMENT
Hall, bathroom, double bedroom with rear aspect, open plan lounge and fully fitted kitchen with front aspect.
73B MAISONETTE
Hall, WC, double bedroom with rear aspect, fully fitted kitchen and lounge with front aspect. Stairs to first floor. Family bathroom, double bedroom.
GENERAL INFORMATION
TENURE
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancies.
COMMERCIAL LEASE
The premises is currently vacant. When let it will produce a rent of £10,000 per annum.
RATEABLE VALUE
2023 List: £9,800. Please note this is not Rates Payable. The tenant is responsible for all Rates Payable.
COUNCIL TAX BAND A
SERVICES
The premises is connected to all mains services.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.[use Contact Agent Button]. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC RATINGS
73 Torbay Road - awaited.73A Torbay Road - D. 73B Torbay Road - D.
Council Tax Band: A
Tenure: Freehold
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First listed
Over a month agoPaignton TQ4
Marketed by
Bettesworths - Commercial 29 - 30 Fleet Street Torquay, Devon TQ1 1BBCall agent on 01803 268852
Placebuzz mortgage repayment calculator
Monthly repayment
Based on a 25 year mortgage, with a 10% deposit and a 4.50% interest rate.
Paignton TQ4 - Streetview
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