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Brixham

£495,000

Business rates & charges may apply

Bettesworths, Devon
SIZE

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SECTOR

Mixed use property for sale

FLOOR PLAN
1

Key features

  • Substantial Mixed Use Investment For Sale
  • Ground Floor Convenience Store Let to Costcutter at £24,750 Per Annum Until 2032
  • First & Second Floor 4 Bedroom Maisonette (Sold with Vacant Possession)
  • A Great Opportunity for Investment, Breakup or Owner Occupation
  • Also Available as Two Separate Lots (Please Enquire)

Description

Substantial Mixed Use Investment For Sale. A Great Opportunity for Investment, Breakup or Owner Occupation.

The property is located on Pillar Avenue in the Furzeham area of Brixham. This is a densely populated and convenient residential location served by this particular parade of commercial units but also being easily accessible for the town centre amenities.  Brixham is a vibrant fishing port town on the South Devon Coast. Along with the neighbouring towns of Paignton and Torquay, it makes up the larger combination of Torbay.  The property comprises a purpose built retail unit in a parade block, with a large residential maisonette over. The retail unit has been operating for many years as a convenience store, most recently under the Costcutter brand.   The other occupiers in the parade include an Ironmonger and a cafe.   Over the shop and separately accessed via an external staircase and entirely self-contained is a 4/5 bedroom maisonette.  This substantial residential dwelling has scope either to continue as a large family home or potentially to split into two separate units, subject to necessary consent. To the rear of the property is a carpark, which is demised to the retail tenant. 

GROUND FLOOR RETAIL UNIT

Approx. 230m2 (2,475 sq ft)

With internal ancillaries, storage and external remote storage space.

CAR PARK

RESIDENTIAL ACCOMMODATION

Generously proportioned residential accommodation arranged over first and second floor level with large rooms and views over Brixham towards the sea.

TENURE

The property is being sold freehold. The freehold is subject to the Occupational Lease granted to Cost Cutter summarised below.

Lease Date: 2nd April 2012.
Term: 20 Years.
Tenant: Costcutters Supermarkets Group Ltd
(now part of the Bestway Wholesale Group).
Rent Review: 2026 and 2029.
Repairing Obligations: Full Repairing Obligations.
Break Clause: N/A.

RESIDENTIAL MAISONETTE

Being sold with Vacant Possession.

POSSIBLE SPLIT OF PROPERTY

Our client would give consideration to selling the retail investment and the residential element separately with the following guide prices.

Retail Investment: £290,000.

Residential Maisonette: £240,000.

COSTCUTTER SUPERMARKET GROUPS LTD

Costcutter Supermarkets Limited is a well established UK convenience retail business founded in 1986.

The company trades from over 1,500 stores across the UK. In mainly neighbourhood retail locations.

Costcutter is own by Bestway Wholesale part of the Bestway Group, the UK's largest independent food and drink wholesaler.

The business has a reported turnover of around £3.4b (2023) with group operating profits reported to be in excess of £100m.

VAT

The property is not opted for VAT and therefore VAT will not be chargeable on rents or on purchase.

EPC RATING'S

64-66 Pillar Avenue - Expired.
64a Pillar Avenue - Awaited.

COUNCIL TAX

64A Pillar Avenue has a Council Tax Band C assessment.

VIEWING

Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.

Brochures

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Paignton Station3.2 miles
  • Torquay Station4.5 miles

About Bettesworths, Devon

Fleet Street, Torquay, TQ1 1BB

Bettesworths is an independent family business, owned and run by the third generation Chartered Surveyor Directors, Matt & Paul.

We have an experienced team, highly skilled and expert in delivering a broad range of services to clients looking for the very best results.

Our breadth of experience across all property sectors, the depth of our day to day involvement and our technical knowledge gives Bettesworths an unrivalled platform from which to provide advice to meet our clients’ needs.

Our clients range from private individual property owners and occupiers to PLC institutions. We ensure each and every one is best supported with a service with which to meet the challenges and changes in the market and their own circumstances.

We offer free initial consultations without obligation, so please contact a member of our team to discuss your requirements.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 12731072. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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