Mixed-use investment property for sale in Paignton Devon
Paignton, Devon
- Status
FOR SALE
- Advert ID
650337
- Reference
CD-90331 / Rightbiz
- Call Agent:
- Freehold: £250,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Auction Lot: Mixed use Investment Property Paignton Devon For Sale in Paignton
A prominent Grade II mixed-use freehold investment occupying a corner position at the entrance to Winner Street, fronting the busy Totnes Road. The property comprises a ground-floor retail unit currently occupied as part of a carpeting business, together with ground and first floor commercial offices occupied by a firm of solicitors. The second floor is currently vacant.Ground & first floor offices - let to Lister Langley Solicitors at £20,000 per annum till November 2029 EPC rating D
Second Floor Rooms - vacant. Terms under discussion for the solicitor tenant to take this floor at an additional £5,000 per annum (£25,000 per annum total) in return for a lease extension
4 Winner Street - Retail premises let to DJ Carpets at £7,200 - Holding over EPC rating C
Current rent £27,200 per annum, rising to £32,200 per annum on completion of the second floor letting
Please note the two-bedroom basement flat at 2 Winner Street is excluded from the sale and is being retained by the vendor on a new 999 year lease. The sale is conditional upon completion of that lease, with an extended completion timescale to allow for this. Full details in the legal pack.
LINK -https://www.btgeddisonspropertyauctions.com/properties/202604221033sq_j6f3-290726/for-auction-paignton
Our Reference: CD-90331
To be sold by Public Auction
Guide Price: £250,000 - £260,000
Prominent Grade II mixed use freehold investment property
Current rent £27,200 per annum
Potential rent £32,200 per annum
• FH Price: £250,000 Guide Price
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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