This substantial mixed-use freehold property is strategically located just a short distance from Brixham harbour and the town centre, offering an attractive investment opportunity with current income generation of £1,755 per month, yielding over 7%. The layout includes a ground floor commercial unit alongside an expansive four-bedroom maisonette, complemented by a generous garden and additional land at the rear that features a double garage. This arrangement allows for multiple income streams as well as significant scope for future enhancements and redevelopment.
The ground floor unit, comprising approximately 76m2, is currently leased to a low-maintenance podiatry clinic on a secure 5-year lease, generating £750 monthly. Above this, the maisonette spans two floors with versatile living arrangements suitable for families or rental purposes. It features a large double bedroom and bathroom on the lower level while three further double bedrooms are found upstairs, with rental income of £895 per calendar month. Although in good condition overall with gas central heating and UPVC double glazing, the interior offers potential for cosmetic upgrades to maximise its appeal.
In addition to the private courtyard connected to the maisonette, the substantial rear garden stretches about 75ft in length, providing rare outdoor space in this coastal locale. Behind this lies an extra parcel of land with access from Lower Manor Road that houses a double garage currently let for £110 per month. With similar nearby properties already seeing development interest, this parcel holds potential value exceeding £50,000 and could be developed further pending necessary approvals.
Overall, this property presents a compelling mix of immediate income opportunities and future development possibilities in a thriving location.
