A Fantastic Turn key Investment Property in Paignton For Sale

Sea Spray is a 9-bedroom, all en-suite, highly successful HMO property. Offering spacious and versatile accommodation, it is ideally situated in Paignton, Devon. The property has recently undergone a full refurbishment and is presented to an exceptional standard, ready for immediate occupation with no further work required. Occupying a prominent corner plot on Beach Road, just a one-minute walk from the seafront, beach, harbour, and town centre, Sea Spray provides a highly attractive and convenient setting for residents. It also benefits from a courtyard and on-site parking, setting this business apart from similar offerings in the area.

This well-presented property represents an outstanding investment opportunity, delivering strong income potential with minimal hands-on involvement. Early viewing is highly recommended.

LOCATION

Sea Spray is situated on Beach Road, within 150 metres of Paignton seafront. It is a level walk to the town centre and all local amenities, and enjoys good parking facilities, all within easy access of the train station, coach station, the A380, and the international airport at nearby Exeter.

BUSINESS

This property has been successfully owner-operated as an HMO, consistently generating reliable income with minimal day-to-day involvement. As a true turnkey investment, it offers low overheads and requires very little ongoing management, making it an ideal hands-off opportunity for investors seeking impressive returns.

ACCOMMODATION COMPRISES

Entrance

Over an enclosed front courtyard with part-glazed door to:

Entrance / Conservatory

5.31m x 1.94m

A bright and airy space with large windows to the side, with a door leading to:

Inner Reception

6.00m x 1.79m

A welcoming entrance hall featuring brand-new fitted carpet throughout, elegant decorative coving, high ceilings, a fire alarm panel, and a turning staircase leading to the upper floors, with a storage room to the rear.

Kitchen

6.40m x 2.68m

A brand-new, bright, and modern kitchen featuring sleek grey high-gloss cupboards and doors, complemented by white marble-effect worktops and matching upstands. It includes a stainless-steel sink, durable commercial vinyl flooring, and an open doorway leading to the utility room at the rear.

Utility Room

 2.57m x 2.40m

A practical and versatile space featuring a worktop and ample room for large appliances, complete with a toilet and wash basin to the rear, and a door providing access to the outside courtyard.

Dining Room

6.40m x 6.05m

An exceptionally spacious, light, and airy room with dual-aspect windows to the side and rear, and a door opening onto the courtyard. The front of the room features a small seating area, with the space finished in light wood laminate flooring. Its generous size offers potential to create two additional bedrooms or even a self-contained apartment. This versatile room can be accessed from the inner hallway, the kitchen, and directly from outside.

Owner’s Bedroom

A double bedroom with built-in cupboards situated just off the kitchen, with an interlinking door to the corridor.

LETTING ACCOMMODATION

Room 1

A single room with en-suite shower, WC, and wash basin, with a window overlooking the front of the property.

Room 2

4.93m x 4.22m

Previously used as a lounge when the property operated as a guest house. It features a fireplace and a large bay window overlooking the front of the property. Also includes an en-suite shower, WC, and wash basin.

Room 3

3.44m x 2.99m

A double room with built-in wardrobes and an en-suite with shower, WC, and wash basin.

1st FLOOR HALF LANDING

With skylights.

Room 4

3.57m x 3.08m

A double room featuring a window overlooking the rear of the property. It boasts a large, brand-new en-suite with shower, WC, and wash basin.

Room 5

4.02m x 3.05m

A double room with en-suite shower, WC, and wash basin.

Room 6

4.11m x 3.59m

A spacious and bright room with an en-suite shower, WC, and wash basin, featuring two windows overlooking the side of the property.

1st FLOOR

WC

With hand wash basin.

Laundry & Storage Room

2.88m x 2.66m

Room 7

4.56m x 4.56m

A spacious room featuring a generous en-suite equipped with a shower, WC, and wash basin. Large double windows on the side of the property allow for plenty of natural light.

Room 8

4.37m x 2.74m

A double room with a large en-suite and dual-aspect windows to the front and side of the property.

Room 9

4.22m x 4.08m

A spacious room with a bay window overlooking the front of the property. Includes an en-suite shower, WC, and wash basin.

OUTSIDE

To the front of the property is a large, south facing, enclosed terrace with ample space for table and chairs.

To the rear are double gates leading to an inner courtyard garden which could easily accommodate a vehicle. Within the courtyard is a bespoke tool shed.

PARKING

Whilst there is a plenty of both limited and free on road parking, there is a large pay & display car park within 100m of the business. Between September and April, there is free on road parking immediately outside the guesthouse.

SERVICES

Main’s gas, electricity, water and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.

BUSINESS RATES

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk (currently the property is fully exempt from business rates because of small business rates relief and the owner’s accommodation is band A council tax)

TENURE

Freehold

VIEWINGS.

All viewings and enquiries are to be made through the agents, Ware Commercial.

TEL. 01803 328880 or 01392 462266 Email. [email protected]

www.warecommercial.com