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2 bedroom mixed use for sale

The Quay, Brixham, Devon, TQ5 8AW

Guide Price* £220,000

Property Description

Full description

Tenure: Freehold

A 3 storey freehold property with fantastic views over the harbour comprising ground floor lock-up commercial unit and former restaurant premises across first and second floors with planning to convert to 2 x 1 bed apartments. Planning granted by Torbay Council Planning ref P/2015/1176 on 17/12/2015. There is potential for further development by adding another floor/s subject to planning.

Ground floor: Self contained commercial premises trading as an ice cream parlour, held on an IRI lease for 15 years from 31/12/2010 at a rent of £7,000 pa with 3 yearly rent reviews.
First and second floor: Former restaurant premises with planning for conversion to 2 x 1 bedroom flats. The flats will enjoy panoramic views across Brixham harbour, the second floor ceilings are vaulted and there may be an opportunity to create additional mezzanine style accommodation subject to planning.

Current rent £7,000 per annum


Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a reserve (unless otherwise stated). The reserve is a figure below which the auctioneer cannot sell the property during the auction. The reserve will be within the guide range or no more than 10% above a single figure guide.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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