News Article

Sold Prior to Auction

Please note 1-3 Palace Avenue Paignton has been sold prior to auction therefore the sale scheduled for 26th June 2019 will not take place.

Sold for an undisclosed sum considerably in excess of the guide price the large property in Paignton town centre had attracted considerable interest since coming to the market for sale by auction in May of this year,

The recent subject of refurbishment following the vacation of the building by a longstanding tenant the property offered an excellent investment opportunity in a high profile prominent town centre position. There are many attractive features including a turret, elevations are of light brick and render beneath a slate roof. Ground Floor lock up shop with frontage to Torquay Road and Bishops Place. Nearby are HSBC, Lloyds and Barclays Banks as well as numerous national, regional and local retail shops. Spacious and bright residential accommodation currently arranged with 3 reception rooms and five bedrooms, offers much potential to adapt, subject to necessary consents.