Overview
- Retail
- 7015 - 7015
Description
Location
FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY
Mixed-Use Freehold Investment-Grade II Listed: Comprising commercial units and residential flats, offering a balanced income stream with strong tenant demand.
Asset Management Opportunities: Potential for refurbishment to enhance rental income, particularly with the redevelopment of nearby areas pending.
Current Passing Rent:
Commercial Element: £51,500 per annum
Residential Element: £48,300 per annum
(one vacant flat awaiting works)
Total Passing Rent: £99,800 per annum
Estimated Rental Value (whole):£128,500 (One retail unit subject to renewal)
Guide Price: £1,400,000+ Reflecting a Net Initial Yield of 6.72% after deducting purchase costs of 6.05%.
Attractive Yield Potential: Opportunity to increase income through active asset management and benefit from the regeneration of the surrounding area.
This property presents an opportunity to acquire a well-located mixed-use investment in one of the UK's most desirable and resilient property markets, opposite a major redevelopment site.
Summary
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