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Description

Fantastic Investment Opportunity - A freehold block of 5 flat close to Paignton Town Centre

 

Fantastic Investment Opportunity to purchase a freehold block of 5 flats close to Paignton Town Centre

 

This freehold building consists of 5 Leasehold Flats all on separate titles each with 125 year lease from 2021

 

Flat 1

Ground floor 2 bedroom flat approx 59sqm with Parking, Gas Central Heating, Part Double Glazed. Currently let at £575 pcm but would achieve around £650 on the open market.

Council Tax Band B - EPC D

 

Flat 2

1st floor 1 bedroom flat approx 34sqm with Parking, Gas Central Heating and Double Glazing. Currently let at £440 pcm but would achieve around £550 on the open market.

Council Tax Band A - EPC C

 

Flat 3

1st/2nd floor 2 bedroom flat approx 63sqm with Parking, Gas Central Heating, Part Double Glazed. Currently let at £595 pcm but would achieve around £725 on the open market.

Council Tax Band B - EPC D

 

Flat 4 

1st floor 2 bedroom flat approx 66sqm with Parking, Gas Central Heating, Part Double Glazed. Currently let at £575 pcm but would achieve around £725 on the open market.

Council Tax Band B - EPC D

 

Flat 5

2nd floor 1 bedroom flat approx 41sqm with Parking< Electric Heating and Double Glazed. Currently let at £445 pcm but would achieve around £600 on the open market.

Council Tax Band A - EPC E

 

Current annual rent £31,560

Potential annual rent £39,000