Prime Investment Opportunity - Block of 11 Fully Occupied Flats in Central Paignton For Sale
Paignton, Devon
- Status
FOR SALE
- Date Submitted:
04/04/24
- Advert ID
609206
- Reference
CD-90630 / Rightbiz
- Call Agent:
- Freehold: £660,000
- Asking Price: £660,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
LOT 10 Block of 11 Self contained Flats in Paignton For Sale in Paignton
An opportunity to acquire an established residential investment. comprising 9 flats in a substantial detached property, centrally located in Paignton. The property is fully occupied and producing an annual rental income of £67,944. Having considered comparable flat rentals in the immediate vicinity of the property, we believe the property may be under-rented. The property comprises 9 x 1 bedroom flats and 2 x 2 bedroom flats. The property benefits from a parking forecourt and a sizeable car park to the rear.• Our Reference: CD-90630
• To be sold by Public Auction on 6/6/24
• Sizeable detached block of flats
• Close to town centre and seafront
• 9 x 1 bedroom self-contained flats
• 2 x 2 bedroom self contained flats
• Ample car parking to front and rear
• Fully let, producing £67,944 pa
• EPC ratings C-D
• FH Price: Ā£660,000 Guide Price
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Listing Statistics
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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 Ā£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.
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