Former motortrade site for sale in Paignton on Brixham Rd with redevelopment potential
Paignton, Devon
- Status
UNDER OFFER
- Advert ID
653296
- Reference
CD-60044 / Rightbiz
- Call Agent:
- Freehold: £1,400,000
- Turnover: £115,000 (£2,212 per week)
- Profit: Not Applicable
Business Details
Under Offer: Former Motortrade site in Paignton 0.9acres For Sale in Paignton
This is an exceptional opportunity to acquire a highly visible and strategically located commercial site on the bustling Brixham Road, Paignton. The property was previously used for motorhome sales and consists of a spacious showroom, a large garage workshop, and an extensive forecourt. It presents significant redevelopment potential, subject to the necessary consents.Situated on Brixham Road, the site occupies a prime commercial location that serves as a key link between Brixham and Paignton. It is positioned adjacent to a major retail park and near South Devon College, making it an area with high levels of footfall and vehicle traffic. The property also benefits from excellent transport links, providing convenient access to Torquay, Exeter, and the wider South West region.
The site offers multiple redevelopment opportunities, subject to planning permission. It is ideal for motor trade uses such as a car dealership or vehicle service centre. Alternatively, it could be repurposed as a self-storage facility or warehouse distribution hub. There is also potential for reinstatement as a petrol forecourt, including the addition of electric vehicle charging stations. Retail and leisure developments, such as drive-thru restaurants or showrooms, may also be viable. Additionally, the site could be considered for residential or mixed-use development, subject to the necessary consents. For investors, the property represents a strong rental opportunity, with an estimated annual rental income of £115,000.
The Aerial Drone Video can be viewed here - https://www.youtube.com/watch?v=ySNPRxM3rO8
The Walkthrough Video Tour can be viewed here - https://www.youtube.com/watch?v=dTzw5QXdsv0
Our Reference: CD-60044
For Sale by Informal Tender
Guide Price £1.4m to £1.5m
Approx. 0.9 acre site
Highly Visible on major Trunk Road
Former Motor Trade & Showroom site
Previously used as a Petrol Filling Station
May suit a variety of uses STCC
Vacant Possession
• FH Price: £1,400,000 Guide Price
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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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