5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Pump Street, Brixham, TQ5
£420,000

Our Summary

  • We are pleased to present a unique investment opportunity in a prime town centre location, offering four self-contained apartments and two spacious garages/stores
  • The remaining garage/store is currently vacant, offering flexibility for potential alternative use or further rental income
  • A unique investment opportunity

Description

This prime town centre location offers a unique investment opportunity, featuring four self-contained apartments and two spacious garages/stores. The property boasts a strategic location near the vibrant harbour and local amenities, with assured short hold tenancies in place for each of the four apartments, ensuring a steady rental income stream. One of the garages/stores is leased on a long ten-year agreement, providing additional stability. With an estimated yield of 9%, this property represents a compelling opportunity for investors seeking a lucrative investment in a sought-after area. The property is being sold freehold, but with potential to generate more revenue by creating separate leases for the individual apartments and garages and selling them separately.