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Our Summary
- Comprising a ground floor commercial unit, spacious four-bedroom maisonette, large garden and rear land with double garage offering additional income and exciting development potential
- Perfectly positioned on the level just moments from the vibrant town centre and picturesque harbour of Brixham, this substantial and highly versatile freehold property represents an exceptional opportunity for investors, developers, or buyers seeking a spacious home with strong income potential
- The property comprises a prominent ground floor commercial unit, a generously proportioned four-bedroom maisonette above, a large sunny rear garden, and a parcel of land to the rear housing a double garage with exciting development potential
- Currently configured as three income-producing elements, the property delivers an impressive rental yield while also offering scope for enhancement and future value growth
- The property is presented in good overall condition, with gas central heating and UPVC double glazing, while still offering scope for cosmetic modernisation if desired
- Importantly, comparable nearby sites have recently been sold with development potential in mind, suggesting a similar opportunity here, subject to the necessary consents
- Altogether, this is a rare and compelling mixed-use opportunity in a highly convenient coastal location, offering multiple income streams today alongside clear potential for future uplift
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Description
The property is a substantial mixed-use freehold comprising a ground floor commercial unit and a four-bedroom maisonette. The commercial unit, measuring approximately 76m2, sits on the ground floor and is currently leased to a podiatry clinic on a 5-year lease, generating £750 per month. The maisonette, arranged over two floors, has four double bedrooms, gas central heating, and UPVC double glazing, and currently produces £895 per month in rental income.
The property also includes a large garden, a private courtyard, and a double garage on a separate parcel of land, generating £110 per month in additional income.