Under Offer

Paignton, Devon

£95,000 Leasehold Ref: 3360
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The property is situated facing the oncoming flow of traffic towards Paignton town centre. Hyde Road is the principle one way throughfare through the town centre of Paignton. The location is highly visible to a high number of passing vehicles and pedestrians alike. Hyde Road is a popular trading location with a mix of retailers, professional businesses, financial services and caterers.

The property is currently let to Absolute Sales & Letting Limited on a 5 year lease from May 2018 (expiring in May 2023) at a rent of £8,500 per annum, giving a return of 8.95%. The tenant has the option to break the lease on the second anniversary (May 2020) by giving not less than 3 months prior written notice.

The property is being sold with one parking space, (demised to the tenant).

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