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Developers in Paignton
Paignton stock that is not earning.
For developers holding completed Paignton units: a fixed monthly rent under one agreement, paid whether or not anyone is staying in the property.
Three Ways We Work
Where we can help.
Unsold & Slow-Moving Units
A finished unit that has not sold earns a fixed monthly sum instead of a council tax bill, and comes back to you when a buyer appears. How this works →
Site Team Accommodation
Somewhere sensible for a travelling crew to stay, with kitchen and laundry, run by us and billed to the company. How this works →
Whole Block or Phase
The whole block on one agreement, priced for the term and agreed in writing before anyone commits. How this works →
Paignton
What drives the number
Condition and specification feed straight into the figure. A unit handed over finished, compliant and ready to occupy is worth more to us than one where the last fix is still outstanding.
Paignton
The process, step by step
If units are needed back for a sale, the break provisions agreed at the start are what govern. Give the notice that was agreed and we plan around it.
Paignton
Where this fits, and where it doesn't
It works for owners who are some distance away, because nothing about it requires them to be nearby.
Paignton
Compliance, plainly
Anything that is the owner's statutory responsibility stays the owner's responsibility, and the agreement says which items those are.
Paignton
Where we draw the line
We do not advise on finance or tax. Those are jobs for a broker and an accountant, and we will say so rather than improvise.
Paignton
Getting started
Send the property details and any photographs or an online link. That is usually enough for a first view on whether it is worth going further.
Straight Answers
What you should check first.
Be sceptical, and check us properly. We operate two properties, we have not run a developer scheme, and a rent is only ever worth what the company behind it is worth. Company No. 16187542, and we will hand over what you need to check it properly. The bigger the scheme, the more structure it needs around it. We would ask for the same in your position.
Nothing on this page is a valuation, a financial promotion or investment advice. Terms are specific to the scheme in front of us and are agreed in writing before either side commits.
Your Questions
What developers ask us about Paignton.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Do you actually pay if a Paignton unit sits empty?
Yes. The rent is a fixed monthly sum under the agreement, payable whether or not anyone is staying in the property. The void risk moves to us, which is why the figure sits below the best a unit might achieve in a strong month.
Can we keep marketing the Paignton units for sale?
Yes, and most developers do. A break clause lets you recover vacant possession on an agreed notice period once you have a buyer, and viewings are arranged with reasonable notice.
Is this an AST?
No. It is a company let: Maine Property Solutions Ltd becomes the tenant and carries the rent obligation. Your solicitor should read the agreement before you sign it, and we would expect them to.
How many Paignton units would you take?
A single unit is straightforward. A whole block is a bigger step and will get a more cautious answer, because we are a small company - we would rather say that on the first call than three weeks into your programme.
Who are you?
Maine Property Solutions Ltd, Companies House number 16187542, registered office Office 1, Izabella House, 24-26 Regent Place, Birmingham B1 3NJ.