Eldon House is a substantial four-storey stone property situated in the heart of Alston, offering a blend of commercial and residential space with significant renovation potential. The ground floor houses a retail shop that is currently tenanted, while the upper three floors contain a spacious maisonette, presenting an excellent opportunity for investment or further customization.
The flat features modern double-glazed wooden sliding sash windows, preserving some of its original charm through hardwood flooring and distinctive architectural details. Complete with gas central heating, the property also includes two attic rooms that could be transformed into additional living or storage spaces, enhancing its overall utility.
A notable advantage of Eldon House is its prime location within Alston's market place, providing convenient access to local amenities such as shops, schools, health services, and transport links. This strategic positioning offers strong rental demand for both the shop and the residential components, making it an attractive option for investors.
Inside the maisonette, the entrance leads to a small utility area before ascending to the first-floor landing that connects to both the kitchen and living room. The well-proportioned living room boasts a front-facing bay window and ample space for seating. The kitchen/diner is equipped with a range of storage units and features plumbing provisions for laundry appliances.
On the second floor, residents will find three bedrooms alongside a bathroom outfitted with essential fixtures. Each bedroom benefits from natural light through multiple windows, further enhancing their appeal. The two attic rooms are characterized by their pitched roofs and skylights, providing flexible use possibilities.
Currently, both the shop and flat generate combined annual earnings of £11,700 from their respective leases. There may also be potential to secure vacant possession if desired by a future owner or explore options for splitting ownership between the retail unit and residential space.
With its promising rental income and favorable location in Alston—home to various local services including educational institutions, healthcare facilities, and shops—Eldon House represents an intriguing renovation project that can be tailored to meet modern needs while retaining its historic character.
