Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
An established and well maintained residential investment comprising 11 flats in a substantial detached property, centrally located in Paignton.
The property is fully occupied, producing an annual rental income of £79,315 p.a.
Potential to increase rents in line with current market rates. There is forecourt parking to the front of the property and a large car park to the rear.
Potential for extension of the existing building to create more flats or further development of the site, subject to planning.
Tenure
Freehold
Accommodation
Comprising of 11 flats
Tenancy
Let on AST's
Flat 1A - £7,140 p.a.
Flat 1B - £7,800 p.a.
Flat 2 - £7,800 p.a.
Flat 3 - £6,492 p.a.
Flat 4 - £8,400 p.a.
Flat 5 - £6,499.92 p.a.
Flat 6 - £5,979.96 p.a.
Flat 7 - £8,400 p.a.
Flat 8 - £6,759.96 p.a.
Flat 9A - £6,533 p.a.
Flat 9B - £6,759.96
Total = £79,315.80 p.a.
Rent
Notes
Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.