Lot 24 Mixed Use InvestmentAuction Date:
30th October 2025
341 Torquay Road, Paignton, Devon, TQ3 2EP
Currently fully let at £17,055.40 per annum
A freehold investment opportunity comprising a three storey mid-terrace property located in a popular trading street in the popular Preston area on the northern side of Paignton with local shops and amenities, and close to its two main beaches.
The property comprises a commercial premises on the ground floor with a detached garage at the rear, while the first and second floors comprise a self-contained maisonette.
Both units are currently fully let with a current income of £17,055.40 per annum.
Commercial
Ground Floor
Retail space, two store rooms and W.C.
Outside
Separate garage used for storage.
Tenancy
Let on a three-year lease from 14th June 2011 at a current rental of £6,250 per annum.
EPC Rating
C (63). Total Floor Area 90 sq.m.
Residential
First Floor
Kitchen, living room, bedroom, bathroom and W.C.
Second Floor
Three bedrooms.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £900.45 per calendar month.
EPC Rating E
Council Tax Band B
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
