6 bed block of flats for sale

Church Street, Paignton TQ3

Property description An excellent opportunity to acquire a fully tenanted investment property comprising three self-contained apartments, offering an immediate income stream from day one. The property consists of three two-bedroom apartments, making it an ideal addition to an established investment portfolio or a first buy-to-let acquisition. The accommodation comprises:-

• Flat A (Ground Floor): Two-bedroom apartment, currently achieving £750 pcm
• Flat B (First Floor): Two-bedroom apartment, currently achieving £825 pcm
• Flat C (Second Floor): Two-bedroom apartment, currently achieving £800 pcm

The property generates a combined rental income of £2,375 per calendar month, equating to a gross annual rental income of £28,500.
All three apartments are currently tenanted, providing a reliable and established income from completion. The property presents an excellent investment opportunity with a proven rental history and strong income potential, making it well suited to investors seeking a ready-made addition to their portfolio.

Agents note The apartments have up-to-date electrical and gas safety certificates, as well as being complaint with all building regs.

Verified Material Information
Costs and tenure
Tenure: Freehold
Council tax band: A
EPC rating: C

The building
End-terrace flat, standard construction
Accessibility adaptations: None

Services
Mains electricity
Mains water
Mains foul drainage
Mains surface water drainage
Mains gas central heating
Heating features: Double glazing
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2 great, Vodafone great, Three great, EE great
Parking: None
Not in a controlled parking zone
No disabled parking available

Risks and restrictions
Not a listed building
Not in a conservation area
No tree preservation order
Title register restrictions (DN64216):
- The owner cannot build a place of public worship on the land or use any building on the land for public worship.
- The owner is not allowed to sell alcohol (intoxicating liquors) on any part of the property.
- The owner cannot claim any legal rights to light or access over the neighbouring land, and any private drains or watercourses crossing the land must be disconnected if required, as per a 1909 agreement.
- There is a standard rule that the property cannot be sold or transferred without the written consent of the mortgage lender, Paratus amc Limited. This is a routine part of a mortgage and is settled by solicitors during the sale.
No environmental risks recorded
All information is provided without warranty. Contains hm Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.

Agents notes These details are meant as a guide only. Any mention of planning permission, loft rooms, extensions etc, does not imply they have all the necessary consents, building control etc. Photographs, measurements, floorplans are also for guidance only and are not necessarily to scale or indicative of size or items included in the sale. Commentary regarding length of lease, maintenance charges etc is based on information supplied to us and may have changed. We recommend you make your own enquiries via your legal representative over any matters that concern you prior to agreeing to purchase.