**Key Features:**
- Large mixed-use investment property in Paignton's desirable "Golden Mile"
- Ground floor commercial unit, currently leased to a pasty shop, generating £11,000 annually until 2028
- Three self-contained, spacious 2-bedroom flats producing a combined rental income of £20,160 per year
- High ceilings, period details, and some flats with balconies overlooking local sports clubs
- Off-road parking available for up to four vehicles
- Potential for capital growth or separate title splits for the residential and commercial units
- Close proximity to Paignton's town centre, seafront, and transport links (rail & coach stations)
Discover an exceptional mixed-use investment opportunity nestled in Paignton's vibrant "Golden Mile." This distinctive Grade II listed Victorian terrace features a thriving commercial ground floor catering unit, currently leased to a popular pasty franchise, ensuring a stable income stream. Above, enjoy three generously-sized, two-bedroom flats, each offering high ceilings and picturesque views over local sports facilities; two of the flats are equipped with inviting balconies that promise tranquil outdoor space. This property not only boasts turnkey rental income of £31,688 per annum but also presents potential for renovation or future capital growth if you decide to split the units.
While the location shines with walkable amenities just minutes away—including cafes, shops, and local attractions—it’s also accompanied by reality: Crime rates in the local area are notably high, and renovation options may be limited due to its listed status. However, with off-road parking available for four vehicles and a well-connected urban setting, this investment maintains appeal for both growing families and savvy investors looking to tap into the area's potential. Don't miss this rare chance to secure an attractive property in a prime location—opportunities like this don’t last long!
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