An opportunity to acquire an established residential investment. comprising 9 flats in a substantial detached property, centrally located in Paignton. The property is fully occupied and producing an annual rental income of £67,944. Having considered comparable flat rentals in the immediate vicinity of the property, we believe the property may be under-rented. The property comprises 9 x 1 bedroom flats and 2 x 2 bedroom flats. The property benefits from a parking forecourt and a sizeable car park to the rear.
• Our Ref: CD-90630
• To be sold by Public Auction on 2/5/24
• Sizeable detached block of flats
• Close to town centre and seafront
• 9 x 1 bedroom self-contained flats
• 2 x 2 bedroom self contained flats
• Ample car parking to front and rear
• Fully let, producing £67,944 pa
• EPC ratings C-D
• FH Price: £660,000 Guide Price
