For Sale15 Bedroom Flat in Palace Avenue, Paignton, TQ3£500,000

This investment opportunity to acquire a portfolio of seven leases on fully renovated flats, offering an impressive mix of properties that are all currently rented out and generating a healthy yield of 9.64%. . Opportunities like this are rare, so act quickly to secure this superb investment, This is a remarkable investment opportunity to acquire a portfolio of seven leases on fully renovated flats, offering an impressive mix of properties that are all currently rented out and generating a healthy yield of 9.64%. This portfolio includes four two-bedroom flats, two studio apartments, and one one-bedroom flat, each meticulously refurbished to a high standard, ensuring minimal maintenance and maximum tenant satisfaction. Every flat within this portfolio has been thoughtfully renovated, combining modern finishes with functional layouts to appeal to a wide range of tenants. The two-bedroom flats provide ample space, making them highly desirable for small families or professionals, while the studio apartments and the one-bedroom flat offer compact, efficient living spaces perfect for singles or couples. Each property is already tenanted, providing the immediate reassurance of a strong and consistent income stream. The 9.64% yield underscores the profitability of this investment, making it an ideal choice for seasoned investors looking to expand their portfolio or for newcomers seeking a secure and high-performing asset. With all renovations completed to a high standard, you can have peace of mind knowing that these properties require minimal upkeep, allowing you to focus on maximizing your return. This portfolio is not just an investment in property but an investment in security, with each apartment already generating brilliant income. Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change. Accomadation Seven apartments consisting of four 2 bedroom apartments, two studio apartments and one 1 bedroom apartment.