Established income-generating residential block with development potential in a prime coastal location in Paignton, Devon.
This freehold property comprises a detached building with four well-maintained self-contained apartments, plus a spacious three-bedroom lodge, all situated in a quiet, tree-lined area of Paignton. A high tenant retention rate, low overheads, and consistent rental demand make this a highly attractive passive income opportunity with strong capital growth prospects.
Located on St Andrews Road, just a short, level walk to the beach, Marina and Harbour, the property benefits from a scenic setting in one of the UK’s most popular seaside towns. The area attracts both year-round residents and tourists, with excellent connectivity to Dartmouth, Brixham, Plymouth, and Exeter – including an international airport, mainline train station, and M5 motorway access.
The current owner has operated this turnkey investment for several years with the help of a local letting agent, ensuring stable occupancy and minimal management input. All flats are self-contained, and with on-site parking and separate utilities (except water), the investment delivers strong net returns and ongoing rental income.
Support and management continuity can be discussed with the buyer. Full trading accounts will be made available following a formal viewing.
All trade fixtures and fittings are included in the sale, with a full inventory to be provided prior to exchange of contracts. The property is offered fully tenanted and represents a balanced combination of income security and long-term capital appeal.
Enquire today to secure a high-yielding residential investment in one of South Devon’s most desirable locations.
