Substantial, Prime Mixed-Use Investment/Residential Property on Brixham Harbourside
Overview
Description
Together with the neighbouring coastal resorts of Torquay and Paignton, Brixham forms The Borough of Torbay, popularly known as the English Riviera.
Brixham is principally known as one of the UK’s major fishing ports, but is also a standalone holiday destination in its own right.
From being the landing place of William of Orange to the present day, Brixham’s colourful and vibrant history offers a great deal to tourists and locals alike.
In recent years, Brixham has established itself as an increasingly prestigious resort town – highly regarded by visitors.
The 500-birth marina and promenade, a growing reputation for quality of restaurants (particularly focusing on seafood) as well as the natural beauty of the surrounding area, all makes Brixham a thriving town.
The property is situated on The Strand, the southern side of Brixham’s inner harbour. This location is prime tourist Brixham. The Golden Hind Museum ship is yards away, as well as the majority of Brixham’s best tourist attractions and eateries.
The multimillion-pound Brixham fish market, the Marina and Breakwater are all yards away, as is the route of the Southwest Coast path, which passes directly in front of the property. 5 The Strand really is in the centre of the very best of prime locations in Brixham.
The property is thought to have dated from the mid-19th century and originally had been a merchant’s house and sail loft. More recently, the property has been a restaurant and living accommodation over.
In its current configuration, the property is made up of a self-contained ground floor retail unit (let and held as an investment – details below) and a very large single dwelling over the 3 floors above; with the residential accommodation alone extending to approximately 2,500 sq ft.
The property has a commercial rental income of £19,000 per annum from the ground floor retail unit.
There is huge scope for the future of the upper parts subject to necessary consents, the accommodation could be converted into multiple dwellings in this prime location. It is very likely that these would be much sought-after residential premises and also eminently suitable for a holiday letting trade.
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