Property photos
Freehold
Offers in region of
£425,000
Property for sale
The Crossways Shopping Centre, Hyde Road, Paignton TQ4Key Information
Tenure:
Freehold
Council tax band:
A
Local area information
Property location
Nearby amenities
- Paignton 0.1 miles
- Sacred Heart Catholic School 0.3 miles
- Curledge Street Academy 0.3 miles
- Torquay 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold Investment of 2x Five-Bed HMOs
- Two HMOs Held Under One Freehold Title
- Gross Rental Income: £60,780p.a. (When Fully Let)
- Gross Initial Yield of 14.30%
- Well Managed and Fitted to Modern HMO Spec
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.
34A Hyde Road
Kitchen (12' 2'' x 10' 2'' (3.7m x 3.1m))
Communal Bathroom (23' 4'' x 8' 2'' (7.1m x 2.5m))
Bedroom 1 (11' 10'' x 12' 10'' (3.6m x 3.9m) (max))
Bedroom 2 (12' 10'' x 13' 1'' (3.9m x 4m) (max))
With en-suite.
Bedroom 3 (10' 10'' x 11' 6'' (3.3m x 3.5m))
With en-suite.
Bedroom 4 (10' 2'' x 12' 10'' (3.1m x 3.9m))
With en-suite.
Bedroom 5 (6' 11'' x 12' 10'' (2.1m x 3.9m))
36A Hyde Road
Kitchen (10' 6'' x 9' 2'' (3.2m x 2.8m))
Living Room/Dining Room (12' 10'' x 6' 7'' (3.9m x 2m))
Bedroom 1 (12' 6'' x 12' 10'' (3.8m x 3.9m))
Bedroom 2
(Unmeasured).
Bedroom 3 (10' 2'' x 12' 10'' (3.1m x 3.9m))
With en-suite.
Bedroom 4 (8' 10'' x 11' 6'' (2.7m x 3.5m))
With en-suite.
Bedroom 5 (10' 2'' x 11' 6'' (3.1m x 3.5m))
With en-suite.
Utility Space/Communal Bathroom (5' 3'' x 6' 11'' (1.6m x 2.1m))
Tenancy
The HMOs have been well managed and are let at high to full occupancy rates. For further details on tenancies and current occupancy, please contact the Agents, Bettesworths.
Rent Schedules (Passing Rents)
Rents for each bedroom range from £475pcm to £565pcm. Interested parties are advised to contact the Agents, Bettesworths for an up-to-date tenancy schedule.
Tenure
The property is available Freehold, subject to the occupational ASTs of the HMO tenants and the long leaseholds of the commercial units below.
Council Tax
34a Hyde Road – Band B.
36a Hyde Road – Band A.
EPC Ratings
34a Hyde Road – E.
36a Hyde Road – E.
Viewing
Viewing is recommended and can be arranged strictly by prior appointment with the Sole Agents, Bettesworths.
HMO Licensing
We are informed that the property is licensed as a HMO with Torbay Council.
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.
34A Hyde Road
Kitchen (12' 2'' x 10' 2'' (3.7m x 3.1m))
Communal Bathroom (23' 4'' x 8' 2'' (7.1m x 2.5m))
Bedroom 1 (11' 10'' x 12' 10'' (3.6m x 3.9m) (max))
Bedroom 2 (12' 10'' x 13' 1'' (3.9m x 4m) (max))
With en-suite.
Bedroom 3 (10' 10'' x 11' 6'' (3.3m x 3.5m))
With en-suite.
Bedroom 4 (10' 2'' x 12' 10'' (3.1m x 3.9m))
With en-suite.
Bedroom 5 (6' 11'' x 12' 10'' (2.1m x 3.9m))
36A Hyde Road
Kitchen (10' 6'' x 9' 2'' (3.2m x 2.8m))
Living Room/Dining Room (12' 10'' x 6' 7'' (3.9m x 2m))
Bedroom 1 (12' 6'' x 12' 10'' (3.8m x 3.9m))
Bedroom 2
(Unmeasured).
Bedroom 3 (10' 2'' x 12' 10'' (3.1m x 3.9m))
With en-suite.
Bedroom 4 (8' 10'' x 11' 6'' (2.7m x 3.5m))
With en-suite.
Bedroom 5 (10' 2'' x 11' 6'' (3.1m x 3.5m))
With en-suite.
Utility Space/Communal Bathroom (5' 3'' x 6' 11'' (1.6m x 2.1m))
Tenancy
The HMOs have been well managed and are let at high to full occupancy rates. For further details on tenancies and current occupancy, please contact the Agents, Bettesworths.
Rent Schedules (Passing Rents)
Rents for each bedroom range from £475pcm to £565pcm. Interested parties are advised to contact the Agents, Bettesworths for an up-to-date tenancy schedule.
Tenure
The property is available Freehold, subject to the occupational ASTs of the HMO tenants and the long leaseholds of the commercial units below.
Council Tax
34a Hyde Road – Band B.
36a Hyde Road – Band A.
EPC Ratings
34a Hyde Road – E.
36a Hyde Road – E.
Viewing
Viewing is recommended and can be arranged strictly by prior appointment with the Sole Agents, Bettesworths.
HMO Licensing
We are informed that the property is licensed as a HMO with Torbay Council.
Floor plans and tours
Floor plans (2)
Tours
No virtual tour available
More information
Listed by
Bettesworths
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Property descriptions and related information displayed on this page are marketing materials provided by - Bettesworths. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bettesworths for full details and further information.