Overview
Description
Positioned on Hyde Road the property benefits from being in the centre of Paignton, close to local amenities, the high street, seafront and public transport connections. The premises are well situated for tenants both for their living and working needs.
An excellent example of a modern HMO, this property is a great opportunity for investors looking for a smart, high return, freehold investment. The freehold comprises of Two 5-bedroom HMOs and 3 commercial units, which are sold off on long leaseholds. The long leaseholders are responsible for a share of external maintenance and buildings insurance.
The HMOs are located over the upper floors of the building and are accessed via external stairwells. Both HMOs are presented to a high standard, benefitting from keypad entry system, CCTV and smart TV and intercom devices in many of the rooms. Each HMO has a communal kitchen, which has been designed for HMO use. The rooms each have individual electric card meters and consumer units, keeping the tenants responsible for their own electricity usage. Heating is provided by electric panel heaters in each of the bedrooms. Water is provided inclusive of the rent.
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