3-bedroom property · TQ5 8EJ
Listing removedListed 845 days
Opportunity summary
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About
Prominent shop with very well presented, light-and-bright spacious 3 bedroom living accommodation and parking space. Close to harbour and town centre car park.
Your chance to run a business in a busy seaside town, and live at a very affordable cost. Great opportunity!
A rare chance to acquire a desirable retail shop with three-bedroom accommodation above in a central harbourside location and offers the opportunity to run a business and live at a very affordable cost.
The shop is currently trading as a successful retail unit that has proven very popular over the years and offers a prized opportunity on one of Brixham's most popular spots.
The shop has an attractive double fronted window and good storage rooms to the rear. The main shop floor is spacious and enjoys a good ceiling height.
There is a separate office/store room and an additional store with a smartly presented WC beyond.
The property is just 100 metres from the waterfront and inner harbour, standing in a small parade of proudly independent shops that lead down to the harbour from the main car park.
A sunny, light and bright property with the vital 'X Factor' of having a parking space to the rear.
The accommodation over the shop is well presented and very generous - with its own front door approached via Higher Street (known as 23a Higher Street), this does allow the property to be split, or sub-let should you require just one part for your own use with additional rental income.
Currently operating as a successful holiday let, there is a large living room, enjoying lovely open views South and filling the room with light. The kitchen is again superbly presented.
There are two double bedrooms and one spacious single allowing for plenty of versatility as either a holiday let, rental or very convenient residential accommodation.
The flat can be sold as 'fully furnished' by negotiation, meaning that a new owner can get up-and-running with immediate effect.
The living accommodation enjoys efficient, electric heating and PVCu double glazing making it an affordable property to run.
For added convenience, there is a (lockable) internal staircase down into the shop area, which could be temporarily blocked off if required.
The tenure does offer security with over 10 years remaining on the lease. This is an ideal chance to try a new business. The original lease was a 25 year lease from 2010.
Accommodation is on Council Tax Band B and the shop is run on business rates currently receiving small business rate relief with nothing payable.
On top of the lease purchase price there is a £11,000 per annum rent due and an insurance cost contribution for the building which is circa £500 per annum. Commercial EPC - C EPC for Flat - C
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 56, Middle Street, Brixham
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