Location
Situated in a prime position at the top of Torbay Road on the level crossing before Paignton Station
and returning on Parkside Road which is access to the proposed Torbay Council redevelopment site.
Please see attached location plan.
Description
The property has been in the same local family ownership for many years and was originally a working
bakery with ancillary trading alongside. The family do not have an ongoing trading unit and purely
hold the asset for investment purposes.
The property has seen significant upgrading in recent years to ensure compliance including an
integrated fire alarm system for all units as well as a new galvanized external fire escape for the upper
floors.
Plans for Paignton’s Victoria Centre (Parkside area) we understand involve a phased demolition of the
old Lidl store area to create a temporary 500-space surface-level car park. Long-term plans,
developed with Torbay Councils partners Willmott Dixon and Milligan, aim to redevelop the site into a
mixed-use scheme, potentially providing around 200 new homes, alongside increased parking
capacity which will we believe only enhance these properties long term investment growth potential.
VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are
recommended to establish VAT implications before entering into any agreement.
Legal Costs
Each Party to be responsible for their own legal costs incurred.
Viewing
For further information or viewings contact
Nick Wheeldon MRICS or Matty Ash
07711 626020 | property@waycotts.co.uk
