5 bed property for sale

Pump Street, Brixham TQ5

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. Situated in close proximity to the vibrant harbour and local amenities, this property boasts a strategic location that is sure to appeal to discerning investors. Each of the four apartments is currently occupied with assured short hold tenancies in place, ensuring a steady rental income stream. Furthermore, one of the garages/stores is leased on a long ten-year agreement, providing additional stability to the investment portfolio. The remaining garage/store is currently vacant, offering flexibility for potential alternative use or further rental income. With an estimated yield of 9%, this property represents a compelling opportunity for those seeking a lucrative investment in a sought-after area. Don't miss out on this chance to acquire a profitable asset in a thriving and convenient location.

Agents Note: The property is being sold freehold but more revenue could be generated should separate leases be created for the individual apartments and garages and then sold separately.

Location

The property is located in Brixham town centre which boasts an array of shops, amenities and facilities as well as the picturesque harbour surrounded by a range of boutique shops, bars and restaurants. Due to its central location the vacant store/garage will be in high demand for both sale or commercial let.