Residential Investment Opportunity for Auction Paignton TQ3

Guide Price £225,000. A high yielding three storey end of terrace property requiring some remedial works and updating, currently comprising three × one bedroom apartments and two studio apartments, all currently let and generating an income of £2,675pcm/£32,100pae. The property has the benefit of on drive parking and an enclosed rear garden currently allocated to the ground floor rear flat, a gas central heating system serving all five flats and included in the rents passing, with top up smart meters providing electricity to each unit. The property is likely to appeal to the career lettings fraternity and to those looking for a post works break-up and resale opportunity.