Property for sale in Marine Drive, Paignton TQ3

Summary
Prime investment near Paignton seafront: 6 fully tenanted flats yield a healthy 8.66%. With stable rental income and seaside allure, this opportunity promises solid returns and long-term growth potential. Don't miss out on this lucrative investment opportunity!

Description
This investment opportunity presents a prime location just a stone's throw away from the picturesque Paignton seafront. The property boasts six flats, all currently occupied by tenants, ensuring immediate cash flow. With a healthy gross yield of 8.66%, this investment promises attractive returns. Paignton's desirable seaside location adds to the property's appeal, offering tenants a desirable lifestyle and potential for consistent rental demand.Moreover, the stability provided by having all units occupied by tenants minimizes vacancy risks, providing a steady income stream for investors. The strong yield indicates the property's potential to generate significant profits over time, making it an enticing option for those seeking to expand their investment portfolio or enter the real estate market.With its proximity to the seafront and a solid rental history, this investment opportunity offers both financial security and the potential for long-term growth. Don't miss out on this lucrative chance to secure a valuable asset in a sought-after location.

Accommodation

Flat One

Lounge 11' 1" max x 9' 2" max ( 3.38m max x 2.79m max )

Kitchen 8' 3" max x 9' 1" max ( 2.51m max x 2.77m max )

Bedroom 9' 1" max x 11' 6" max ( 2.77m max x 3.51m max )

Shower Room

Flat Two

Lounge 14' 6" max x 9' 1" max ( 4.42m max x 2.77m max )

Kitchen 10' 9" max x 8' 3" max ( 3.28m max x 2.51m max )

Bedroom 10' 5" max x 10' 4" max ( 3.17m max x 3.15m max )

Shower Room

Flat Three

Lounge 14' 8" max x 11' 5" max ( 4.47m max x 3.48m max )

Kitchen 15' 6" max x 7' 7" max ( 4.72m max x 2.31m max )

Bedroom 10' 8" max x 6' 9" max ( 3.25m max x 2.06m max )

Shower Room

Flat Four

Lounge 11' max x 10' 8" max ( 3.35m max x 3.25m max )

Kitchen 9' 5" max x 8' max ( 2.87m max x 2.44m max )

Bedroom 9' 3" max x 7' 9" max ( 2.82m max x 2.36m max )

Shower Room

Flat Five

Lounge 24' 6" max x 13' 4" max ( 7.47m max x 4.06m max )

Kitchen 14' 4" max x 11' max ( 4.37m max x 3.35m max )

Bedroom One 13' 3" max x 11' 5" max ( 4.04m max x 3.48m max )

Bedroom Two 13' 9" max x 10' 7" max ( 4.19m max x 3.23m max )

Bedroom Three 9' 8" max x 8' 7" max ( 2.95m max x 2.62m max )

Workshop 9' 1" max x 8' 9" max ( 2.77m max x 2.67m max )

Studio Flat 6

Lounge/Bedroom 15' 8" max x 12' 4" max ( 4.78m max x 3.76m max )

Kitchen 13' 7" max x 7' 7" max ( 4.14m max x 2.31m max )

Shower Room

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.