This mixed-use terraced property represents a unique investment opportunity in the heart of Rushden's vibrant High Street. Featuring two strategically located Class E commercial retail units—sized at 431 sq ft and 506 sq ft, respectively—the property also includes four one-bedroom residential apartments, offering a diverse income stream for potential investors.
Currently fully tenanted, the property yields an annual rental income of £51,000. The commercial units contribute £9,000 and £10,000 per year, while the residential apartments generate between £7,800 and £8,400 annually. This established revenue base provides a solid foundation for future financial growth.
A notable aspect of this property is its approved planning permission (NE/23/01227/FUL) for the addition of two more one-bedroom apartments. This potential for expansion enhances the investment proposition significantly and opens avenues for increased rental income or resale value upon completion of the renovations.
Located on Rushden’s bustling High Street, the property benefits from high foot traffic and proximity to a variety of independent shops, cafes, and essential services. The community’s strong character is reflected in its local amenities that cater to residents' daily needs.
Transportation options are robust, with frequent bus services linking Rushden to neighboring towns and cities. The nearby A6 and A45 offer quick access to major roadways, making travel convenient for both tenants and visitors alike. Additionally, the property's closeness to Rushden Lakes—a prominent retail and leisure destination—further increases its appeal.
In summary, this property not only serves as a stable source of current income but also presents significant renovation potential that could amplify its value in the future. Its prime location combined with existing tenant agreements makes it an advantageous addition to any investment portfolio. Interested parties are encouraged to conduct further due diligence on this promising opportunity.
