St. Marys Street, Wallingford

This mixed-use property presents a compelling opportunity for both residential and commercial investment in the heart of Wallingford. The building, which holds grade II listed status, features two retail units on the ground floor, alongside two spacious residential apartments above. Each element of this property offers potential for renovation and enhancement, appealing to investors looking to capitalize on its prime location. The ground-floor includes two well-positioned retail units, both currently leased with reliable tenants. The first unit is occupied by a sandwich shop that has secured a five-year lease starting January 2025, with an annual rent of £15,000 beginning in year two. Its prominent frontage along St Mary’s Street allows for good visibility and foot traffic. The second retail space is tenanted by a community charity shop under a five-year lease that began in October 2024, with progressive rental increases leading to £15,000 by year three. This unit also boasts dual frontage on both St Mary’s Street and New Road. On the residential side, the first apartment features two double bedrooms and ample living space including a large kitchen/dining area and a family bathroom. The second duplex apartment offers versatility with the potential to be configured as either a two or four-bedroom residence, making it ideal for various tenant needs or owner-occupancy features. The external area includes garages and additional parking spaces that present further development opportunities subject to local planning consent. With Flat 2 currently marketed for a rental price of approximately £1,200 per month, the overall property has the potential to generate around £56,400 annually—offering significant income potential with avenues for enhancement through leasing additional spaces or adapting existing structures. Situated within Wallingford's conservation area, tenants will benefit from proximity to charming local shops, cafes, bars, restaurants, as well as essential grocery options like Waitrose and Lidl. Additionally, access to major road networks (M4, M40 and A34) is convenient; mainline train services are available at Cholsey and Didcot stations, enhancing transit options for residents and businesses alike. Overall, this property not only serves as an excellent income-generating asset but also offers numerous opportunities for future development and improvement in one of Wallingford’s most vibrant locales.