This property presents a noteworthy investment opportunity in the heart of the city center, offering a fully let portfolio that generates an annual income of £46,392. The layout comprises three one-bedroom apartments, one two-bedroom apartment, and a ground-floor bistro, all situated within a four-story structure that spans approximately 3,000 square feet.
The ground-floor bistro features both indoor and outdoor seating, making it an attractive spot for local patrons and passersby alike. Each residential unit is currently leased, with rental agreements providing consistent cash flow. Monthly rents for the apartments vary from £650 to £775, while the bistro contributes to the overall income with an annual return of £866.
In addition to its existing revenue-generating elements, this property boasts significant renovation and development potential. The basement level and rear garden area offer opportunities for expansion or reconfiguration, subject to planning permission. Notably, there was previously approved planning under reference 2012/0246/RN that could serve as a foundation for new development ideas.
Located in a prime urban locale, this property benefits from high foot traffic and proximity to amenities that enhance its desirability among tenants and businesses alike. This combination of fully let units alongside future development possibilities creates a compelling case for investors looking to capitalize on both immediate returns and long-term value growth.
