Retail for sale

45 Victoria Street, Paignton, TQ4

Paignton is an affluent seaside town making up part of the English Riviera

The property occupies a prime trading position next to Costa Coffee and Betfred and surrounded by multiples including Boots, New Look and EE

Unbroken freehold with the upper parts in tact

Whole property let to Bon Marche until 2021 who have been in occupation since 2001

Opportunity to re-gear the occupational lease and take back the upper parts to convert to residential (stpp)

Total income £30,000 per annum

Seeking offers in excess of £400,000 which is 7.20% net initial yield

45 Victoria Street, Devon TQ4 5DD

Open in Google Maps
Paignton is a coastal town located in the south west, approximately 3 miles south of Torquay, 24 miles south west of Exeter and 29 miles east of Plymouth. The town, together with Torquay, serves the Torbay conurbation which is a popular tourist and retirement location. The M5 motorway lies approximately 20 miles north west of Paignton, accessed via the A38 and A380,while Plymouth and Penzance are accessed via the A385, A38 and A30. Paignton has a resident population of approximately 134,000 and as a popular tourist destination with Torquay and Brixham, make up the ‘English Riviera’ 4.6m visitors are attracted annually to the area which also benefits from award winning beaches.

Units & floor plans

Unit Floor Size
Sales Ground
1,586
147.34
Staff / Stores First
670
62.25
Second
507
47.1
Third
246
22.85
Totals
3,009
279.55

* All floor areas subject to measurement on practical completion

Find out more information about this building's development and technical spec.

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Transport

Airports

Exeter 21.7m

National rail

Paignton 0.1m, Torquay 2.0m, Torre 2.7m

Offers

We are instructed to seek offers in excess of £400,000 which reflects a NIY of 7.20%

Further information

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Media store

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Property marketed by:

23-24 Margaret Street, London W1W 8LF
Robert Irving Burns
Quote reference: SALE-32435

Freehold Retail Investment Opportunity

£400,000 (offers in excess of)

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