This property presents a unique opportunity for investors looking to capitalize on a mixed-use building that combines retail and healthcare facilities. The substantial three-storey structure encompasses approximately 2,423.74 sq m (26,089 sq ft) and is currently home to a variety of tenants, including prominent names such as NHS Property Services Ltd., creating a stable income stream of £291,215 per annum. Additionally, there is a recently vacated unit that introduces further renovation potential or the possibility of attracting new tenants.
Located in an area with strong foot traffic and community engagement, this property benefits from its diverse mix of commercial spaces. The ground floor is dedicated to retail and takeaway establishments, while healthcare services occupy the upper floors. This configuration not only supports a vibrant tenant mix but also positions the property favorably within the local market.
For those considering future development or alterations, there is significant potential for change of use or additional enhancements (subject to the necessary planning permissions). Given its strategic location and existing tenant base, this property could be transformed to meet evolving market demands.
Investors should consider the potential for value appreciation through renovations or reconfigurations that align with current trends in both retail and healthcare sectors. This asset represents an interesting proposition for those looking to expand their portfolio in a dynamic area with strong growth prospects.
