£275,000
Property for saleTorbay Road, Paignton TQ4
Just added
Freehold
About this property
Mixed Use Freehold Investment Property
Prime Location on Paignton’s Torbay Road
Two Established Commercial Tenants
Two residential Apartments on 1st & 2nd Floors
Fr&I Leases Creating an Income of £25,825 pa
Mixed Use Freehold Investment Property. Prime Location on Paignton's Torbay Road.
Situated on Torbay Road, which connects Paignton town centre to the seafront, the premises enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. It is also walking distance to Paignton’s Sea Front, Town Centre and rail & coach station. The area is a highly sought after residential and commercial location.
Two long established businesses trade from the ground floor commercial units. One a gift shop and the other an Italian restaurant. The lease for the gift shop which fronts Torbay Road also includes 2 residential apartments above and a large basement storage area. Both premises are let on fully repairing and insuring leases generating a total income of £25,825 per annum.
26-28 Torbay Road
A ground floor retail shop and basement with 2 self-contained apartments above. The premises is held on a fr&I lease with a term of 20 years from 2008, expiring in November 2028. The current rent is £17,000 per annum.
28 Queens Road
A restaurant premises accessed via Queens Road. A new fr&I 15 year lease is being drawn up at a rent of £8,825 per annum.
General Information
Tenure
The property is being sold Freehold, subject to the commercial leases.
Rateable Value
26-28 Torbay Road - 2026 List: £9,000
28 Queens Road – 2026 List: £9,200
Please note this is not Rates Payable. The tenant is responsible for all Rates Payable.
Council Tax Band
Flat 1 at 26 Torbay Road - B.
Flat 2 at 26 Torbay Road - A.
EPC Ratings
26-28 Torbay Road – Awaited.
28 Queens Road – D.
Services
The premises is connected to all mains services.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
Situated on Torbay Road, which connects Paignton town centre to the seafront, the premises enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. It is also walking distance to Paignton’s Sea Front, Town Centre and rail & coach station. The area is a highly sought after residential and commercial location.
Two long established businesses trade from the ground floor commercial units. One a gift shop and the other an Italian restaurant. The lease for the gift shop which fronts Torbay Road also includes 2 residential apartments above and a large basement storage area. Both premises are let on fully repairing and insuring leases generating a total income of £25,825 per annum.
26-28 Torbay Road
A ground floor retail shop and basement with 2 self-contained apartments above. The premises is held on a fr&I lease with a term of 20 years from 2008, expiring in November 2028. The current rent is £17,000 per annum.
28 Queens Road
A restaurant premises accessed via Queens Road. A new fr&I 15 year lease is being drawn up at a rent of £8,825 per annum.
General Information
Tenure
The property is being sold Freehold, subject to the commercial leases.
Rateable Value
26-28 Torbay Road - 2026 List: £9,000
28 Queens Road – 2026 List: £9,200
Please note this is not Rates Payable. The tenant is responsible for all Rates Payable.
Council Tax Band
Flat 1 at 26 Torbay Road - B.
Flat 2 at 26 Torbay Road - A.
EPC Ratings
26-28 Torbay Road – Awaited.
28 Queens Road – D.
Services
The premises is connected to all mains services.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
Mortgage calculator
Monthly repayment
£1,375 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}