Leading commercial property specialist Charles Darrow has reported an exceptionally pleasing early response to its marketing of a Torbay residential and commercial investment portfolio on behalf of a major client.
“Taking into account the time of year, we are delighted with the level of enquiries that we are receiving from individual to multiple lots and indicative bids being proposed at this early stage in the marketing,” said Martin Blacoe, a Director of the Newton Abbot based firm.
“The diversity of the portfolio has brought in interested parties from throughout the UK as well as overseas.
“We have always felt that the make-up of this portfolio represented excellent investment opportunities, and the enquiry level to date has proved that.
“We are delighted to see that the South West is proving a big draw for investors from outside our area as well as local investors.
“The properties on offer include some of Paignton’s landmark buildings, including 62-70 Victoria Street, directly opposite the train station.
“With its current rental yield of 10 per cent and the opportunity to quickly increase that to close to 15 per cent, plus further development potential, it is no wonder that those from outside the region are looking keenly at these opportunities.”
The properties will be auctioned at the Grosvenor House Hotel on London’s Park Lane on March 3rd but can also be purchased prior to the auction. Prices range from £125,000 to £1,250,000.
Charles Darrow is holding a series of viewing days which, to date, have been very well attended.
For further information and details of the properties available contact Martin Blacoe or James Sanders at Charles Darrow on 01626 330022 or email martin.blacoe@charlesdarrow.co.uk or james.sanders@charlesdarrow.co.uk
The photograph shows Hyde Corner, Paignton.
Story: Neil Bird
Photo: Charles Darrow
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