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