Four-unit freehold on busy Torquay Road with clear refurbishment upside.
- Freehold mixed-use terrace with two shops and two flats
- Potential gross rent c. £29,200 per annum when fully let
- Two commercial units currently let; flats sold vacant (need refurbishment)
- 1-bed ground-floor flat with private patio; 3-bed first-floor flat spacious
- Scope to reconfigure, split titles and sell parts to add value
- Property requires renovation; mid-20th century condition throughout
- Small plot in a deprived area; rental values may be modest
- Fast broadband, good bus links; very low council tax
A freehold, mixed-use terrace in central Paignton offering immediate letting income and clear uplift potential. Arranged as two ground-floor commercial units and two residential flats (1-bed ground floor, 3-bed first floor), the building is well placed on Torquay Road near Preston Sands and strong local footfall. Two commercial units are currently let; both flats are offered with vacant possession and would benefit from updating.
This is a straightforward vote-for-location purchase for an investor or owner-occupier willing to renovate. The vendor-estimated fully-let income is around £29,200 per year, and the layout allows scope to reconfigure units, split titles or sell parts individually to realise value. Broadband is fast and transport links are good, supporting both retail and residential demand.
Buyers should budget for works: the property is described as needing renovation, with mid-20th century fittings and dated interiors. The plot is small and the wider area shows higher deprivation metrics, which may influence rental levels and tenant mix. On the positive side, low council tax, steady commercial demand on the parade, and proximity to popular beaches make this a pragmatic, tactically located investment.
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