This substantial mixed-use freehold investment is ideally situated just a short stroll from the bustling Brixham harbour and town centre. Currently producing a combined rental income of £1,755 per month, this property boasts an impressive yield of over 7%. The layout includes a ground floor commercial unit, a spacious four-bedroom maisonette above, and a sizeable garden area along with rear land that hosts a double garage. There is significant scope for development and enhancement here.
The ground floor commercial space, approximately 76m² in size, is leased to a successful podiatry clinic on a secure 5-year lease with break clause generating £750 monthly. Above, the maisonette features flexible accommodation across two levels, with rooms suitable for families or sharers. Presenting in good condition overall with gas central heating and UPVC double glazing, there remains potential for cosmetic updates to elevate income further. The maisonette currently yields £895 per calendar month.
Externally, residents can enjoy private courtyard access that leads to an expansive rear garden measuring about 75ft—an exceptional outdoor feature so close to the town centre. Additionally, the parcel of land accessed from Lower Manor Road contains a double garage yielding £110 per month and shows promise for development, potentially adding significant value subject to necessary consents. Comparable sites nearby have recently sold with development prospects in mind.
This property presents an exciting opportunity not only for immediate cash flow but also for future capital growth through renovation or redevelopment efforts.
