Description
This substantial period freehold property comprises a ground floor commercial unit with two upper floors offering excellent redevelopment potential. Most recently used as a betting shop, the ground floor features a generous retail space with prominent frontage onto Fore Street.
The first and second floors are currently vacant and in need of renovation, with a planning application submitted to convert them into a spacious 2-bedroom maisonette, including the creation of a new, separate entrance from the street. As part of the proposed works, the application also seeks to formalise an existing rear area as a private terrace, enhancing the potential for high-quality outdoor space. This presents an excellent opportunity to create a desirable residential unit above an income-generating commercial premises in a sought-after town centre location.
Location
Situated on Fore Street, the principal shopping street in Brixham, this property enjoys a prime town centre position just a short walk from the picturesque harbour. Fore Street is home to a vibrant mix of independent retailers, cafes, restaurants, and national operators, ensuring high year-round footfall from both locals and visitors. Brixham is a thriving South Devon fishing town with strong tourism appeal, good local amenities, and easy access to Torquay, Paignton, and the wider English Riviera.
Information
What3words: ///index.tidal.tortoises
MATERIAL INFORMATION
Tenure - Freehold
Utilities - Mains Electric, Mains water, Mains drainage
Planning Reference P/2024/0756 (Torbay Council)
Flood risk - Low level river and seas, low level surface water.
Broadband and Mobile Signal Availability - We advise that you should check the availability and signal strength with your supplier via the Ofcom website Broadband and mobile coverage checker - Ofcom.
JOINT AGENTS
with Turner Locker 01392 201 202
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This property is being sold by conditional online auction and a non-refundable reservation fee of £6000 or 4.2% + VAT applies, whichever is the greater (in addition to the purchase price). If you are the successful bidder, you will be charged the amount of £6,000 + VAT (£7,200) or 4.2% +VAT, whichever is the greater, which will be processed online, immediately at the end of the auction, only if you are the successful bidder. You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase.
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Terms and conditions apply to the modern auction method of sale, which is operated by Bradleys Property Auctions.
Definition of a Guide Price and a Reserve Price:
Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
