High-yield mixed-use holding with immediate cashflow and hands-on management appeal.
Current rental income £67,800 per annum
A high-yield, well-managed mixed-use freehold in central Paignton, currently producing £67,800 per annum. The property comprises four street-front retail units, six one-bedroom flats arranged around a courtyard, plus a three-bedroom cottage — a diverse income mix that reduces tenant risk and supports steady cashflow. Recent works include a full reroof within five years and new double-glazed windows; the estate has an ongoing maintenance programme and is presented in tidy condition.
The location on Winner Street gives strong pedestrian exposure and easy access to Paignton town centre and seafront, supporting retail demand from local independent traders and convenience shopping anchored nearby. This is an asset aimed at hands-on investors seeking immediate income and potential to increase rents where market conditions allow.
Notable commercial and social challenges are present: the local area scores as very deprived with a “constrained renters” profile and very high crime statistics. These factors can limit tenant quality, rent growth and may increase management and void costs. Units are generally small (one-bed flats and compact retail units) which suits the local rental market but constrains premium repositioning opportunities. Prospective buyers should allow for active property management and continued maintenance investment to protect income and asset value.
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