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High Quality 11 Apartment Complex In Paignton For Sale

Paignton, Devon
Asking Price:
£995,000
Turnover:
Available on request
Net Profit:
Available on request

A high quality 11 apartment investment situated within a stunning period building in the sought-after area of Roundham, Paignton, Devon. Benefitting from a lovely entrance/drive to a large parking area for all tenants, gardens laid to lawn and a larger standalone building which could be possibly developed to a further dwelling. The investment is successfully owner operated, providing the owners with an impressive income and ability to provide a sumptuous 3 bedroom sea view apartment. Early viewings are highly recommended....

LOCATION
Denby House Apartments are ideally located just off the main Esplanade and within a short walking distance to local amenities, including sea front, harbour and town centre. The property is situated in an area called Roundham and widely acknowledged as a more desirable part of Paignton, Devon. It is centrally located and with the Goodrington Sands, with its beautiful flat sandy beaches which is only a stone through away. With a championship golf course, stunning marina in both Torquay & Brixham together with an International airport nearby, this is why this area is sought after and enjoyed by so many.

BUSINESS
This business has been trading successfully by its present owners for many years, which has earned itself a fine reputation locally in providing quality accommodation. Due to the high standard apartments, desirable location coupled with beautiful grounds and views, Denby House enjoys high occupancy throughout the year and rarely are there any vacancies. The trading figures have seen a year on year increase since inception and all the apartment are let out on long term AST agreements. Previously our clients operated the apartments under holiday letting basis but because of lifestyle choice, a change to full residential letting was done to provide greater flexibility. However, we the agents, feel that there is tremendous scope to further expand on the already impressive profit. Actual trading figures will be made available following a successful formal viewing.

ACCOMMODATION
All apartments have their own entrance, electricity meters and heating. The water is provided as part of the rental.


FLAT 4
A large flat over two floors.
With a Hallway, Living room, Kitchen, 2 bedrooms, bathroom, WC and wash hand basin.

FLAT 6
Lounge with Fireplace, 1 Bedroom, Kitchen & Bathroom.

FLAT 7
Lounge with Fireplace, 1 Bedroom, Kitchen & Bathroom.

FLAT 8
Spacious Lounge with views over the Garden. Enclosed pull down Bed,
Kitchen/Diner, separate Bedroom with Twin Beds. Good sized Shower Room, WC and wash hand basin.

FLAT 9
With 1 Bedroom, Large Kitchen, Lounge with Fireplace, Bathroom.

FLAT 10
With 1 Bedroom, L-shaped Kitchen/Diner, Shower & WC and wash hand basin.

FLAT 11
L-shaped Kitchen/Diner, 1 Bedroom, Shower & WC and wash hand basin.

FLAT 12
L-shaped Kitchen/Lounge/Diner, 1 Large Bedroom with En-suite Shower, Further
Double Bedroom, Separate Bathroom with Shower over.

STUDIO
Sleeps 2. Ground floor overlooking the Gardens. Large Lounge, 1 bed,
Kitchen/Diner. Separate Shower Room, WC and wash hand basin.

OWNERS ACCOMMODATION
Occupying a large area on the 1st floor with 3 bedrooms and with stunning views over Paignton and Torquay.
Entrance through part glazed upvc door into:

VESTIBULE
With part glazed door to;

KITCHEN
With a modern fitted kitchen with wood floor and windows to three sides and door to:

UTILITY ROOM
With plumbing for washing machine and tumble drier. Door to:

SHOWER ROOM
With Shower, WC and wash hand basin

DINING ROOM
This is a very large Dining Room with storage cupboard, range of ceiling & wall lights and painted floor boards.

BEDROOM 1
Comprising of a large room with vanity sink unit, original sliding sash windows, partial secondary glazing.

BEDROOM 2
Benefiting from High ceiling, partial arch to original sliding sash windows with partial secondary glazing.

BEDROOM 3
Comprising of a large room with picture windows, partial secondary glazing with views over Garden to Paignton & Torquay.

LOUNGE
With high ceilings, original ornate fire place with inset gas fire. Large Square Bay sliding sash windows with secondary glazing. Stunning views over Gardens and sea views towards Preston & Torquay.

BATHROOM
White a suite Bath with Shower over, WC, Bidet, heated towel rail. Partial glazed windows with venetian blind views over Garden to Paignton & Torquay.


OUTSIDE
Denby House stands in approx. 1 acre and each apartment has allocated parking plus also visitors parking. The Grounds are laid mainly to lawn with mature trees, shrubs and Torbay Palms. There is a vegetable patch, Green House, part glazed Wood Chalet and BBQ area for guest use. A system of Security Lighting is placed around the house and driveway.

LAUNDRY
With 2 x Washing Machines, 1 x Dryer which are coin operated. This area also houses Power & alarm System.

GARDEN BUILDING
In the grounds is a building with Shower, WC and wash hand basin. This could be used as an Office, sailing store. Because of its size, it would also be ideal for redevelopment.

TENURE
FREEHOLD

FIXTURES & FITTINGS
Trade fixtures, fittings, equipment, land and buildings, with exception of vendor’s private inventory, will be included in this freehold sale. Full inventory of fixtures & Fittings will be made available prior to exchange of contracts.

SERVICES
Mains electricity, gas, water and drainage are all connected. However, no testing of these services have been undertaken by the Agents, Ware Commercial

BUSINESS RATES
Please make your own enquiries on the local Valuation Website (VOA)


VIEWINGS
Please contact the agent, Ware Commercial for an appointment to view this property
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