Williams Hedge Residential & Commercial Estate Agents are based in Paignton and Kingskersell and cover Torbay and Teignbridge. Our Blog gives sellers and buyers, hints, tips and advice as well as up to date news about us, the Local Devon Market, the UK Market, mortgages and First Time Buyer News

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Friday, April 21, 2017

Williams Hedge Residential and Commercial Estate Agents in Torbay and Teignbridge.

Princes Street,
Hayloft, Dovecotes, Coach House, Stables.

A Residential Investment Opportunity | Large Purpose Built block of four self contained flats located in the heart of Paignton | Courtyard Entrance | Each Flat has – Living Room, Fitted Kitchen, Double Bedroom, Bathroom/W.C | Private Entrance to each flat | UPVC Double Glazing | Electric Heating | Flats let on Assured Shorthold Tenancy (ASTs) | Current Gross Income of £19,320 (to be confirmed) | Modern Building (constructed around 1990) | Viewing Highly Recommended for investment purchasers.

This relatively modern (1990) purpose built block of four self contained apartments is situated in the heart of Old Paignton within just a couple of hundred yards of an excellent range of shopping facilities and amenities leading to the beach and harbour, railway and bus station. Currently each purpose built apartment is let on an Assured Shorthold Tenancy and we are advised by the current vendor that the approximate gross income is £19,320 per annum (to be confirmed). The property is approached via a double gated courtyard style entrance with brick paved courtyard to the front with each flat having its own separate entrance. Flats are individually named as The Hayloft, Dovecote, The Coach House and The Stables and each has a living room, modern fitted kitchen with built-in oven, hob and extractor, double bedroom and bathroom/W.C. The heating is provided by electric panels/night storage heaters and there is uPVC double glazing throughout. The paved courtyard gives an attractive entrance area and room for bicycles, pots, plants, general storage etc. In our opinion this would make an excellent investment opportunity and an internal inspection is recommended.


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