Substantial Freehold Investment Arranged as 6 Self-Contained Flats. Fully Let Producing an Income of Circa £57,000 Per Annum.

The property is situated in a highly desirable coastal position within Paignton, just 100 yards from the seafront, beach and pier, and a short, level walk to the town centre.

Paignton is a popular seaside destination, particularly attractive to families due to its long sandy beach and traditional pier offering amusements and attractions.  

The nearby towns of Brixham (approximately 4 miles) and Torquay (approximately 3 miles) further enhance the appeal, making this an excellent location for both tenants and investors seeking a strong rental market driven by tourism and local amenities. 

This substantial freehold property represents an excellent ready-made investment opportunity, producing a strong income with all six flats currently let. The building has been thoughtfully arranged to provide a mix of accommodation, appealing to a broad tenant base and ensuring consistent occupancy. 

The property comprises three studio apartments, one one-bedroom apartment, one two-bedroom apartment and a spacious two-bedroom split-level apartment (Flat 6) with its own private entrance and exclusive use of the rear garden. 

Each unit is self-contained including kitchen facilities and shower rooms. The majority of apartments benefit from uPVC double glazing and electric heating.  

The building is served by gas central heating via two boilers, with the landlord supplying hot water and heating.  

Externally, there is off-road driveway parking to the front of the property.