A Spacious & Successful Semi Detached HMO

This spacious semi-detached property is a successful HMO comprising seven bedrooms, six of which benefit from en-suite facilities and kitchenettes. Each room also has its own electric card sub meter. The property also features a modern communal kitchen, utility room and two enclosed courtyards with a seating area, offering attractive, outdoor spaces for residents to enjoy during the summer months.

LOCATION

Set in a popular residential location of Paignton, this property is a standout example of a high-performing HMO, ideally situated with excellent access to major transport links connecting cities such as Exeter and Plymouth. The property is just a short stroll from Paignton’s vibrant town centre, harbour, and seafront, it offers both convenience and lifestyle appeal for residents. Paignton forms part of the wider Torbay area and enjoys a prime location, nestled between the neighbouring towns of Brixham and Torquay.

BUSINESS

This turnkey investment property has been successfully owner-operated for several years, with additional support from a local agent who assists in securing new tenants when needed. It has consistently delivered a stable income with minimal hands-on involvement, making it an ideal low-maintenance investment opportunity. There is also potential to extend the existing garage and convert it into two self-contained studio units, subject to the necessary planning permissions

ACCOMMODATION

Entrance

Accessed through a wooden gate with steps leading to the entrance through a UPVC door to the spacious hallway with a turning staircase leading up to upper floor, under stairs storage, and access to:

Communal kitchen

3.56m x 2.68m

The property features a bright and modern communal kitchen, fitted with a range of sleek white wall-mounted and base units. It includes a stainless steel sink, built-in oven with induction hob, microwave, and all other essential equipment for tenants’ convenience

Utility Room

2.60m x 1.7m

A handy space with storage, wall mounted cupboards and a coin fed washing machine and tumble dryer.

Bedrooms 1, 2 & 3

Located on the ground floor, both double bedrooms feature en-suite facilities, including a shower, wash basin, and WC. Bedroom 1 & 2 also benefits from a private kitchenette area equipped with a fridge and hot water heater. French doors allow for an abundance of natural light and provide direct access to the communal gardens.

Bedroom 4,5,6 & 7

Situated on the first floor, each spacious double bedroom benefits from en-suite facilities, with the exception of Room 4, which has its own private bathroom located just across the corridor. Every bedroom also includes a convenient kitchenette, complete with storage cupboards, a fridge, and an individual hot water heater.

Outside

At the front of the property, there is a disused garage in need of repair. Subject to planning permission and extension, it presents an excellent opportunity for conversion into two self-contained studio units. A lawned area with outdoor seating offers a pleasant space for residents to enjoy. To the rear, the property also benefits from an enclosed courtyard.

FIXTURES & FITTINGS

A full inventory of trade fixtures, fittings, and equipment is included in this freehold sale, excluding the vendor’s private items. A comprehensive inventory will be provided before the exchange of contracts.

UTILITIES

Mains electricity, gas, water, and drainage are connected. However, the agents, Ware Commercial, have not conducted any testing of these services.

BUSINESS RATES

Interested parties should make their own enquiries via the local Valuation Office Agency website at www.voa.gov.uk.

LEGAL FEES

Each party will be responsible for their own legal costs related to the sale/purchase of this property.

TENURE

Long Leasehold 999 years

VIEWINGS

All viewings and enquiries must be arranged through Ware Commercial.

Contact Details:

Tel: Torquay Office: 01803 328880 or Exeter Office: 01392 462266

Email: [email protected]

Website: www.warecommercial.com