Leading commercial property specialist Charles Darrow is exceptionally pleased with the early response to its marketing of a large mixed 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, Director at Charles Darrow. ” 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 of England 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% and the opportunity to quickly increase that to close to 15%, plus further development potential, it is no wonder that those from outside the region are looking keenly at these opportunities.” Charles Darrow are holding viewing days prior to the auction which to date have been very well attended.
The properties are due to be auctioned at The Grosvenor House Hotel on March 3rd, but are also available to be purchased prior to the auction.
