This distinctive multi-use property presents a unique investment opportunity in a prime Town Centre location. The building features a striking Grade II Listed façade that contributes to the character of the area, while offering a blend of retail and residential spaces that enhances its overall value.
Comprising 15 diverse retail units, the property accommodates different business sizes and needs, many with their own WC facilities. A covered walkway provides access to these units, ensuring visibility and ease for customers. Additionally, some retail spaces benefit from ancillary rooms on the first floor, which can further diversify business offerings.
On the residential side, there are five self-contained flats located on the first and second floors, including three two-bedroom and two one-bedroom units. One flat is currently vacant and in need of refurbishment, presenting an excellent opportunity for renovation that could increase rental income potential.
The property’s location is enhanced by forthcoming developments in Sleaford, including plans by North Kesteven District Council for a pedestrian footbridge connecting Bristol Arcade over the River Slea to Money's Yard. This new infrastructure is expected to significantly boost foot traffic towards the arcade, thereby benefiting existing businesses.
Moreover, there are additional opportunities for redevelopment within this property. A detached two-storey structure overlooking the River Slea is currently available for repurposing into various uses—such as restaurant or café—subject to obtaining planning approvals.
Sleaford itself is a well-established market town with a population of approximately 20,000 residents. It offers strong connectivity via major trunk roads (A15 and A17), making it an attractive destination for both local residents and visitors alike. Its strategic location ensures ongoing demand for quality retail and residential offerings.
With an estimated current gross rental income of £130,000 per annum and an estimated rental value (ERV) of £155,000 per annum, this property's potential makes it a compelling choice for investors looking to expand their portfolio in a growing area rich with opportunity.
