Summary - FIRST FLOOR FLAT, 56, MIDDLE STREET TQ5 8EJ
3 bed 1 bath Shop
Affordable live-work unit with parking near the waterfront.
- Prominent double-fronted shop with strong harbour footfall
A rare, low-entry mixed-use opportunity in central Brixham — a double-fronted shop with spacious three-bedroom accommodation above and an off-street parking space. The shop sits on a busy thoroughfare just 100 metres from the inner harbour and town car park, offering strong footfall for a small retail or visitor-facing business. The first-floor flat has generous rooms, bright south-facing views and has been operated successfully as a holiday let.
Important financial and lease details materially affect suitability: the property is leasehold with 15 years remaining, carries a high ground rent of £11,000 per annum and an annual building insurance contribution of about £500. Mortgage lenders may refuse lending because of the short lease and the ground rent level, so buyers should seek specialist finance or be prepared to buy cash. The shop currently benefits from small business rate relief, but buyers must allow for rates if relief changes.
The building is Victorian-era construction with assumed uninsulated masonry walls; heating is mains gas boiler and radiators and glazing is PVCu double glazed (install date unknown). Broadband speeds are reported slow and the local area shows higher-than-average crime and significant deprivation — factors to consider for residential lettings or staff recruitment. What it offers in return is a low purchase price and immediate trading potential for someone willing to manage lease constraints and carry modest renovation or energy-efficiency improvements.
This property will suit a hands-on investor, small business owner or buyer seeking an affordable live-work base by the harbour. Due diligence on lease extension costs, lender acceptability, and long-term running costs is strongly recommended before offer.
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