Located in the historic Corby Old Village, this commercial property represents a remarkable investment opportunity. It features an income-generating building complemented by approved plans for further development at the rear. Specifically, planning permission has been secured for two additional retail units and two studio apartments, enhancing its potential for increased rental revenue and capital growth. The current structure includes three business starter units and three office spaces, all benefiting from substantial foot traffic in this vibrant area. Notably, five of the six existing units are under lease agreements extending until 2027, providing a consistent and dependable income stream, while interest in the vacant unit further evidences the strong demand for commercial premises locally. With full occupancy, anticipated net earnings could reach around £32,000 annually.
The approved development on-site promises significant value enhancement through additional rental opportunities. Positioned within a lively community well-serviced by transport links and local amenities, this property is well-suited for investors seeking immediate financial returns alongside long-term growth. This promising opportunity in Corby Old Village is worth considering for anyone looking to bolster their commercial property portfolio.
