Lot 5 - Shop at 45 Hyde Road, Paignton, Devon, TQ4 5BP
- Unconditional Online Auction Sale
- Guide Price* : £1+
- Bedrooms: 0
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Lot 5 - Commercial Opportunity
Description
ONLINE AUCTION from 2nd SEPTEMBER - 4th SEPTEMBER 2025
Located in a favoured position in Paignton's town centre, close to local amenities and the seafront, is this mixed use property comprising a shop requiring finishing touches.
This shop is crying out for some entrepreneurial input and a new business to startup in 2025 in Paignton or as a great commercial investment in a bustling seaside town.
The shop would be an ideal venture for a start up business or a business looking to relocate. Typical enquiries the shop has had from a rental enquiry have been for a sitting of a Dog Groomer, Tattooist, Barber, Lettings Agency. All of these enquiries can be passed on post auction if the buyer wants to rent out the property. Rental figure of £900pcm would be achieved for a business in this location in a desirable seaside town of Paignton.
It is clear when you arrive in Hyde Road this is one of the only empty shops on the entire street, showing the bustling nature of the town! Residents either side are Hays Travel and Trim and Tonic who are a high end hairdresser.
Lot 44 is land/area behind the property which could also be interested to bidders/buyers for this lot if looking for more space.
Lease Start Date
01/08/2025
Lease Duration
999 years (999 years unexpired)
Tenancies
To be sold with vacant possession.
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
Tenure
Leasehold - 999 year leasehold with a £1 Ground Rent annually and sold with share of freehold - To be verified by a solicitor.
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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