This freehold commercial property presents a unique opportunity for renovation and investment in a versatile setting. The building features a spacious main shop area that includes an office and two restroom facilities, complemented by a generous storage space and a rear garage workshop. The hardstanding area provides additional utility, with parking capacity for 8 to 10 vehicles, which is a significant asset for any business operation.
Above the retail space, there is a well-sized one to two-bedroom flat that is currently leased under an Assured Shorthold Tenancy (AST) agreement, generating an annual rental income of £10,200. This residential unit has double glazing and gas central heating, offering comfort and convenience for tenants. Its layout includes two bedrooms, a bathroom, a lounge area, and a modern kitchen with access to a side balcony.
The property's diverse facilities allow it to cater to various commercial needs; whether you're planning to operate your own business or lease out the shop area, there’s considerable potential here. Additionally, subject to obtaining the necessary planning permissions, there may be opportunities for further development or alterations that could enhance overall value.
Located within a busy shopping parade, this property benefits from high foot traffic and visibility. The combination of commercial and residential spaces makes it particularly appealing for investors looking to maximize their portfolio in this area. With some updates and creativity in design, this property can transform into an attractive destination for both businesses and residents alike.
