3 bed retail premises for sale

Middle Street, Brixham TQ5

Rare leasehold opportunity just 100 metres from Brixham Harbour – an established double-fronted shop with spacious three-bedroom accommodation above and rear parking. Around nine years remain at just £11,000 per annum, with essentially no premium payable – a superb opportunity to live, trade or potentially sublet in the heart of Brixham.

A rare opportunity to acquire an established shop with spacious three-bedroom living accommodation above, with essentially no premium being charged for the lease. The buyer is simply being asked to make a contribution towards the seller’s costs, making this a particularly accessible opportunity to establish a business in central Brixham. There are approximately nine years remaining on the lease, with an annual rent of £11,000 plus a building insurance contribution of approximately £500 per annum.

The property occupies an excellent position just 100 metres from Brixham’s waterfront and inner harbour, within a small parade of shops leading from the main car park towards the harbour. Currently trading as a popular antiques shop, the commercial accommodation includes an attractive double-fronted display window, spacious main retail area with good ceiling height, separate office/store, further storeroom and WC. A particularly valuable bonus in such a central location is the parking space to the rear.

Above the shop is surprisingly generous three-bedroom living accommodation with its own independent entrance from Higher Street, where it is also known as 23 Higher Street. This provides useful flexibility and potential for the residential and commercial elements to be occupied separately or sublet, subject to the lease and any necessary consents. The accommodation comprises a large living room, modern kitchen, good-sized bathroom, two double bedrooms and a further single bedroom. There is also an internal staircase connecting the accommodation with the shop below.

The flat benefits from gas central heating, with a boiler installed in 2019, PVCu double glazing and updated electrics including a new consumer unit in 2019.

With approximately nine years remaining from the original 25-year lease granted in 2010, the key attraction is the exceptionally low initial cost of taking over the lease. Rather than paying a substantial premium, the incoming buyer is essentially just contributing towards the seller’s costs – an unusual opportunity to secure both business premises and substantial living accommodation in the heart of Brixham.

The residential accommodation is Council Tax Band B. The shop currently benefits from Small Business Rate Relief with nothing payable, subject to the incoming occupier’s eligibility.

Commercial EPC – C
Residential EPC – C