Paignton
Substantial Mixed Use Investment Premises in prominent main road location

Description

An opportunity to acquire the freehold of this substantial Town Centre Investment premises fronting Torquay Road at a busy junction with Upper Manor Road.  The Ground floor is let to a busy Hair and Beauty Salon with a Warehouse to the rear which is shortly to be become vacant.  On the first floor is a 2 bedroom flat, with a 1 bedroom flat on the second floor.  Both flats have recently been redecorated with the common areas re-carpeted, and are vacant ready to let..  This offers an investor the potential of a rental income of £28,600 per annum and a gross return before purchase costs of up to 9.5% once the two flats and warehouse are let