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Guide price
£420,000

5 bedroom property for sale

Pump Street, Brixham, TQ5
Property
5 beds
4 baths
Added > 14 days

Key information

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Features and description

  • A unique investment opportunity
  • Town centre location
  • Four self contained apartments
  • Two good size garages/stores
  • Close to harbour and local amenities
  • All four apartments on assured short hold tenancies
  • Store two on long ten year lease
  • Store one vacant offering flexibility
  • Estimated yield 9%

Video tours

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.

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Area statistics

Crime score
Moderate crime
4/10

About this agent

Absolute Sales & Lettings - Brixham
Absolute Sales & Lettings - Brixham
36 Fore Street Brixham TQ5 8DZ
01803 268117
Full profileProperty listings
At Absolute Sales & Lettings we do modern estate agency a bit differently. We’re local and independent to our core, and always focus on delivering a totally bespoke approach to selling and letting properties, combining our local expertise and a powerful network with unique property marketing campaigns . Founding Director Simon Fisher first opened our doors in 2010, and are now proud to not only have 3 well-established offices across Torbay , but to also have been presented with multiple coveted awards, including ‘GOLD South West Regional Estate Agency' at the prestigious Negotiator Awards. We’re also incredibly proud and active supporters of our local charity, Rowcroft Hospice. When choosing Absolute, you’ll meet a devoted, experienced and well-connected team of property professionals who will work alongside you to make your home or investment property stand out from the crowd, ultimately achieving you the best price in the right timescale. Our innovative ethos has always put us at the forefront of contemporary estate agency, from the use of the latest property technology, to the modern designs of our offices and in-house marketing. Above all else, our primary goal is to provide you with an outstanding level of attentiveness, care and expertise. Our Brixham Sales branch is managed by Director Chris Mitchell , who began his extensive estate agency career back in 2006. Chris is ably-assisted by our highly accomplished Brixham team, namely Property Consultants Sam Thomas and Hannah Stevens . Selling your home is one of the biggest financial decisions you will ever have to make and choosing who to trust with this is key to a successful sale. Our vendors love our professional photography, bespoke brochures, 3D virtual tours and extensive social media marketing that we are able to offer, and buyers find them invaluable when selecting which properties to view. We’re also proud to have a highly-established lettings team, which is headed up by our Lettings Director Chelsey Earnshaw  who won the coveted 'Best Property Manager Gold Award' at the Sunday Times Letting Agency of the Year Awards. Chelsey is ably-assisted by our experienced Lettings Manager Natalie Cook . A unique part of our lettings service is that you'll be assigned a designated property manager who will look after you and all aspects of the lettings process, including ensuring your compliance. If you are looking for an agent to manage your property as if it was their own, we'd love to talk to you. 'Our vision is to always be the number one choice of agent in Torbay, Teignbridge and South Devon: To continue to be the first name that comes to mind when a landlord or vendor considers letting or selling their property, offering a service so good that our customers recommend us above all others. We are the most reliable, honest, friendly and caring agent with our brand recognised by everyone who will consider us to be the 'Absolute' best.' All of our advice is free and without obligation, so either give us a call or come and see us at our office at 36 Fore Street, Brixham for an informal chat and a cup of tea or coffee, so that we can help you with your moving or investment plans.
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