This substantial freehold property, ideally situated near Brixham harbour and the town centre, presents a remarkable opportunity for investors and developers alike. Currently yielding £1,755 per month with an impressive return of over 7%, the property features a ground floor commercial space, a spacious four-bedroom maisonette, a large rear garden, and additional land with a double garage that offers potential for further income or development.
The commercial unit spans approximately 76m² and is currently leased to a successful podiatry clinic, providing steady income as it occupies a prime trading location. Above, the four-bedroom maisonette boasts versatile living arrangements spread across two levels. The layout includes a sizable double bedroom and bathroom on the lower floor alongside generous living areas, while the upper level accommodates three additional double bedrooms and another shower room. This residence is in generally good condition but would benefit from cosmetic upgrades to increase its rental appeal further.
The outdoor space is equally compelling, featuring a private courtyard leading to an expansive rear garden of about 75ft—an uncommonly large feature for properties in such proximity to the local amenities. Additionally, there’s an underutilized parcel of land accessible via Lower Manor Road which houses a double garage currently rented out for £110 per month. Given recent trends in the area where similar sites have been earmarked for development, this land parcel could represent significant future value growth.
Overall, this mixed-use property not only delivers multiple current income streams but also offers exciting possibilities for enhancement or expansion.
