This Grade II Listed freehold property presents a unique opportunity for renovation and investment in a bustling market town. With a blend of commercial and residential spaces, it offers significant potential for those looking to capitalize on its versatile layout.
The ground floor features a spacious retail area with an attractive double frontage that enhances visibility. This space includes a secondary room ideal for storage or additional retail use, along with access to a cellar for further utility. A kitchenette and restroom are also part of the commercial premises, providing essential amenities. The layout allows for various configurations, making it suitable for different business types or further development into additional residential units, subject to planning permission.
On the upper levels, two self-contained one-bedroom flats are currently tenanted, allowing for immediate rental income. Each flat is accessible via a communal hallway with its own entrance from the secure side passageway. The first-floor flat offers a large reception area that could serve as an office or study, along with a functional kitchen and living space featuring original sash windows and exposed brickwork that adds character. The second-floor flat is designed similarly, with cozy living areas and essential amenities.
The property also includes an enclosed courtyard garden at the rear, providing potential outdoor space for tenants or customers alike. Situated just off the main high street in Leominster—a town experiencing growth through new housing developments—this location benefits from good transport links via road (with proximity to the A49 and A44) and rail connections to major cities like Hereford, Worcester, and Shrewsbury.
Investors will appreciate not only the current rental yield from the flats but also the possibilities for enhancement through renovations or alternative use conversions in this designated conservation area. As local demand increases amidst ongoing development in Leominster, this property stands out as an appealing option for both immediate returns and long-term appreciation.
