Premier seaside location in Devon – Capital growth hotspot
Freehold Block containing six 1-bed Apartments
- Price agreed just £635,000 for fast sale
- RICS value £740,000
- Current rental income £35,640 per year
- Potential rental income £45,240 per year
- Prominent ex-school conversion into six apartments
- Large discount worth £100,000 from RICS valuation
- 125-year lease on all apartments with holiday provision
- Fully tenanted block with potential to increase rent
- Individual entrances, parking and back garden
- Walking distance to promenade and seaside
- Potential for individual resale of apartments at profit
- Strong demand from owner-occupiers and renters
- Great Potential for holiday let
- House prices in Paignton are up 10% over the last year – good capital growth