Property for sale in The Crossways Shopping Centre, Hyde Road, Paignton TQ4

Positioned on Hyde Road the property benefits from being in the centre of Paignton, close to local amenities, the high street, seafront and public transport connections. The premises are well situated for tenants both for their living and working needs.

An excellent example of a modern HMO, this property is a great opportunity for investors looking for a smart, high return, freehold investment. The freehold comprises of Two 5-bedroom HMOs and 3 commercial units, which are sold off on long leaseholds. The long leaseholders are responsible for a share of external maintenance and buildings insurance.

The HMOs are located over the upper floors of the building and are accessed via external stairwells. Both HMOs are presented to a high standard, benefitting from keypad entry system, CCTV and smart TV and intercom devices in many of the rooms. Each HMO has a communal kitchen, which has been designed for HMO use. The rooms each have individual electric card meters and consumer units, keeping the tenants responsible for their own electricity usage. Heating is provided by electric panel heaters in each of the bedrooms. Water is provided inclusive of the rent.

34A Hyde Road

Kitchen (12' 2'' x 10' 2'' (3.7m x 3.1m))

Communal Bathroom (23' 4'' x 8' 2'' (7.1m x 2.5m))

Bedroom 1 (11' 10'' x 12' 10'' (3.6m x 3.9m) (max))

Bedroom 2 (12' 10'' x 13' 1'' (3.9m x 4m) (max))

With en-suite.

Bedroom 3 (10' 10'' x 11' 6'' (3.3m x 3.5m))

With en-suite.

Bedroom 4 (10' 2'' x 12' 10'' (3.1m x 3.9m))

With en-suite.

Bedroom 5 (6' 11'' x 12' 10'' (2.1m x 3.9m))

36A Hyde Road

Kitchen (10' 6'' x 9' 2'' (3.2m x 2.8m))

Living Room/Dining Room (12' 10'' x 6' 7'' (3.9m x 2m))

Bedroom 1 (12' 6'' x 12' 10'' (3.8m x 3.9m))

Bedroom 2

(Unmeasured).

Bedroom 3 (10' 2'' x 12' 10'' (3.1m x 3.9m))

With en-suite.

Bedroom 4 (8' 10'' x 11' 6'' (2.7m x 3.5m))

With en-suite.

Bedroom 5 (10' 2'' x 11' 6'' (3.1m x 3.5m))

With en-suite.

Utility Space/Communal Bathroom (5' 3'' x 6' 11'' (1.6m x 2.1m))

Tenancy

The HMOs have been well managed and are let at high to full occupancy rates. For further details on tenancies and current occupancy, please contact the Agents, Bettesworths.

Rent Schedules (Passing Rents)

Rents for each bedroom range from £475pcm to £565pcm. Interested parties are advised to contact the Agents, Bettesworths for an up-to-date tenancy schedule.

Tenure

The property is available Freehold, subject to the occupational ASTs of the HMO tenants and the long leaseholds of the commercial units below.

Council Tax

34a Hyde Road – Band B.
36a Hyde Road – Band A.

EPC Ratings

34a Hyde Road – E.
36a Hyde Road – E.

Viewing

Viewing is recommended and can be arranged strictly by prior appointment with the Sole Agents, Bettesworths.

HMO Licensing

We are informed that the property is licensed as a HMO with Torbay Council.