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11 bed flat
The Riviera, Paignton, Devon, TQ4
£1,550,000
-13.9%
Freehold
Next Steps
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Price History
Initial price £1,800,000
May 14, 2025 £1,500,000
May 15, 2025 £1,550,000
Price Change -13.9%
The property is a newly refurbished residential investment property with 11 self-contained supported living units, communal areas, staff rooms, and large garden areas. It is arranged over 6,264 sq ft of gross internal area, with a lettable area of 11 self-contained units. The building is situated close to the Esplanade, seafront, harbour, and town centre, and is let to Inclusion Homes CIC on a 20-year FRI lease with annual CPI linked increases, with a current passing rent of £131,560 per annum. The property is freehold, providing a long-term return on investment.