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Winfields Sales & Lettings Ltd
2b Manaton Court
Manaton Close
Exeter
Devon
EX2 8PW
Palace Avenue, Paignton
Offers In The Region Of £415,000
9 Bedroom House - Terraced
- Investment Property
- HMO Property
- 9 Letting Rooms
- Washing Room/Utility Room
- 999 Year Lease from 15th July 1988
- Great Turnover
Nestled in the heart of Paignton on the desirable Palace Avenue, this impressive terraced house presents a remarkable investment opportunity. Boasting nine well-appointed bedsits, this property is designed to accommodate multiple tenants, making it an ideal choice for those seeking a high-income venture.
The house features three bathrooms, ensuring ample facilities for residents, and is thoughtfully arranged into nine self-contained bedsits. This layout not only maximises the living space but also provides privacy and comfort for each tenant. The convenient location means that local amenities, transport links, and the beautiful Paignton seafront are all within easy reach, enhancing the appeal for potential renters.
This property stands out as a fantastic investment opportunity, particularly for those looking to enter the rental market or expand their existing portfolio. With the potential for a high income, it is a rare find in a sought-after area. Whether you are an experienced investor or new to the property market, this terraced house on Palace Avenue is certainly worth considering. Don't miss the chance to explore the possibilities that this property has to offer.
The accomodation briefly comprises of;
REAR GARDEN/ ENTRANCE
The property is accessed via front door throught the rear courtyard area.
UTILITIES
The property is connected to mains gas, electric, water and sewage. Each of the letting rooms are fitted with electric sub-meters.
HEATING
The property benefits from a gas boiler which provides hot water and heating throughout.
TENURE
The property is Leasehold with 999 years remaining and starting on the 15th July 1988
ASKING PRICE
An asking price of £435,000
VAT
The proeprty is not elected for VAT.
LEGAL COSTS
Each party with be resopnible for their own legal costs unless agreed otherwise.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with Winfields Commercial Department.
MONEY LAUNDERIGN REGULATIONS 2017
In line with The Money Laundering Regulations 2017, Winfields Commercial are obligated to verify ID for all clients that are conducting property transactions through the Company.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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