6 Garages to the rear of 23 Spencer Road, Paignton, Devon, TQ3 3SZ
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£40,000+
Commercial
Key Features
- An opportunity to acquire 6 freehold lock-up garages
- Located in the heart of Paignton within a well-established & quiet residential area
- ERV when fully let at market rent of £7,200 pa
Part of the
20 August 2026
auction
Nottingham Racecourse
at
2.30PM
An opportunity to acquire 6 freehold lock-up garages located in the heart of Paignton. ERV when fully let at market rent of £7,200 pa
- Located within the sought-after Foxhole Estate
- Situated in a well-established & quiet residential area
- In the popular seaside town of Paignton
- Circa 15-minute drive to Torquay
- Good road connectivity, 1.5 miles from the A380 & A385
- Circa 1 Mile from the Paignton Beach & Pier
- Comprising 2 blocks of garages extending to circa 810 sq ft
- Block 1 comprises 4 lock-up garages
- Block 2 comprises 2 lock-up garages
- Each block benefits from a concrete forecourt
- Approximate dimensions of each lock-up garage
- Width: 2.5m
- Length: 5m
- Height: 2.2m
- Size per garage of circa 135 sq ft
- Potential income of £100 pcm per garage
- ERV when let fully let at market rent of circa £7,200 pa
- Scope for potential future development (STP)
- Potential for a high-yielding investment
- Red line is for illustration purposes only, refer to Title Plan (in Legal Pack)
From Spencer Road at any time.
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold
Email: michael.harrington@wbd-uk.com
Telephone: