19 Jun Substantial mixed-use Paignton property to auction
The Newton Abbot branch of Rendells, the firm of chartered surveyors, auctioneers, valuers, land and estate agents, is pleased to announce the forthcoming sale by public auction of a substantial mixed-use residential and commercial property in the heart of Paignton.
Property: 1 & 3 Palace Avenue, Paignton, Devon, TQ3 3EF
Auction time and date: 3pm, Wednesday 26th June 2019
Auction venue: The Jolly Farmer, Market Street, Newton Abbot, TQ12 2RB
Auctioneers: Rendells, Newton Abbot, 01626 353881, www.rendells.co.uk
Guide price: POA
1 and 3 Palace Avenue is an attractive, recently refurbished freehold period property with ground floor retail space and five-bedroom accommodation, sitting in a high profile, prominent town centre position close to banks as well as numerous national, regional and local shops in the seaside town.
The retail area is double aspect, fronting onto Torquay Road as well as Bishops Place. Behind this is a room ideal for use as an office, a store room and an area with a door to an outside courtyard.
From the courtyard, steps lead up to the bright and spacious residential accommodation, which is arranged over three floors and has plenty of potential to adapt if required, subject to any necessary consents.
On the first floor is an entrance hallway and cloakroom, a 15’8” x 11’10” newly-fitted kitchen, which is also home to the new gas-fired central heating boiler, and three very generously-sized reception rooms, two of which feature large bay windows.
A door from the kitchen opens to a staircase leading to the second-floor landing. On this floor are three double bedrooms, one of which measures more than 21’ in length and two feature the lovely large bay windows. Accompanying the three bedrooms on this floor is also a bathroom fitted with a new white suite.
On the third floor is a landing leading to the remaining two large double bedrooms.
Charles Morgan, sales negotiator at Rendells, said: “This attractive property is a real gem, located right in the heart of busy Paignton. Both the retail area and the accommodation are bright and spacious – with the recent refurbishment, the property is ready to move straight into and for trading to commence as soon as possible. This property represents an excellent investment opportunity.”
At the time of the 2011 Census, Paignton had a population of almost 50,000. The seaside town forms part of Torbay, known as the English Riviera. Research shows that in 2015, the English Riviera attracted nearly 4.6 million visitors, spending £436 million in the resort.
Viewing of the property is available on Thursdays between 11am and 12 noon. Please inform Rendells if you will be attending a viewing session.
The property will be sold to the highest bidder at public auction on Wednesday 26th June. The fall of the gavel represents an exchange of contracts with the deposit payable on the day, and completion will be set for 26th July 2019.
For further information, pop into Rendells at 13 Market Street in Newton Abbot, call the office on 01626 353881 or visit www.rendells.co.uk.