TQ3 2RW - 7 bedroom block of apartments for sale in Paignton, Devon,…

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7 bedroom block of apartments for sale in Paignton, Devon, TQ3

Summary - 34 PRESTON DOWN ROAD PAIGNTON TQ3 2RW

7 bed 1 bath Block of Apartments

**Standout Features:**
- Freehold property comprising 4 self-contained one-bedroom flats and a spacious 3-bedroom lodge.
- Prime location in Paignton, Devon, just a short walk from the Marina and Harbour.
- Established tenants occupying the flats, ensuring consistent passive income.
- Off-street parking available for all units.
- Potential for excellent capital growth and very good net profits due to low overheads.
- Access to fast broadband and good local amenities.

**Overview:**
Discover a lucrative investment opportunity with this delightful detached Victorian property in the heart of Paignton, comprising four one-bedroom flats and a generous three-bedroom lodge. This well-maintained building is nestled in a tree-lined area, attracting long-term tenants and providing a highly desirable rental yield. The location is prime, with easy access to the beautiful Marina and Harbour, along with local amenities.

Ideal for both seasoned investors and first-time landlords, the property promises an attractive return that outperforms traditional savings vehicles. Each of the self-contained apartments is equipped with necessary utilities and off-street parking, while the large lodge offers additional space that could be updated for increased rental value.

While the property is in good condition, future buyers may wish to explore renovation options to enhance value further. Currently tenanted with an impressive track record, early viewings are encouraged as this opportunity is not expected to last long. Embrace the potential of this thriving location and secure your future in one of the UK’s favored beach towns.

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