This mixed-use property represents a noteworthy investment opportunity, featuring four residential apartments alongside two commercial units. The property is currently fully occupied, yielding a gross return of approximately 7%. Notably, the commercial leases have been recently renewed for another two years, providing stability to your investment. The residential flats boast a solid rental history with minimal vacancy rates due to their appealing location near local amenities and transport links, including easy access to the A470 and M4 corridor.
The site includes two garages at the rear; one is used for personal storage while the other generates additional income through its current rental arrangement. The mixed-use nature of this property offers diverse income streams that can be maximized further through strategic renovations.
While each of the apartments is compliant with occupation contracts, some units could benefit from modernization to enhance their rental potential significantly. For example, Flat 3's dated presentation suggests an opportunity for refurbishment that could lift rents substantially from £775 PCM to around £1,000 PCM post-renovation. In addition, there are opportunities to increase future market rents across all residential units.
With its partially refurbished status and traditional architectural features, this property stands ready for an investor looking to add value in a sought-after area.
