Property description
This is an excellent investment opportunity with property projected an annual income of £50,000 and had many thousand pounds spent on the property in recent years.
The property is situated just behind the Palace hotel in Paignton on the seafront with a level walk to Paignton Beach, Preston beach and Paignton town centre. The property is also on a bus route to Torquay town centre and the popular fishing village of Brixham. EPC C
This is an excellent investment opportunity with property projected an annual income of £50,000.
Many thousand pounds spent on the property in recent years.
The property is situated just behind the Palace hotel in Paignton on the seafront with a level walk to Paignton Beach, Preston beach and Paignton town centre. The property is also on a bus route to Torquay town centre and the popular fishing village of Brixham.
The property itself comprises of eight letting bedrooms all having en suite shower rooms with a extremely large fitted kitchen area with built-in appliances which also doubles up as a living and dining room area for residents.
There is also owners accommodation which is in excellent condition and superbly presented. A double bedroom having fitted wardrobes and en suite. Bathroom, kitchenette area, living area with patio doors leading to garden area. There is also a large utility basement area which has planning permission for two further bedrooms both having en suites. The property also benefits from having two parking spaces to the front and two spaces to the rear of the building. There is gas central heating and PVC double glazed windows. Most of the rooms are currently occupied.
The property is in excellent condition both internally and externally. This is an excellent opportunity to make an instant return on your investment. Most of the rooms are currently let but to increase the rental yield the owners accommodation could be let out on a holiday let basis.
We highly recommend an early viewing to void disappointment.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.