Kings Estates presents a unique freehold property featuring a three-storey maisonette accompanied by a ground-floor commercial unit, perfectly situated in a dynamic area. The maisonette, accessible via its own private entrance, is laid out across three levels and includes flexible living spaces that can be tailored to modern requirements. The ground floor comprises a bedroom and an adjacent smaller room with wash basin facilities, along with convenient rear access and a separate W/C. A kitchen/workshop area opens onto a rear courtyard garden, providing an ideal base for renovation.
The first floor hosts a split-level layout with a spacious bathroom and additional storage options, alongside a well-sized second bedroom. The open-plan living space features kitchen amenities and benefits from a balcony that overlooks the bustling Albert Road, allowing for potential enhancement of outdoor use. On the top floor, there's a third bedroom complemented by a utility area.
While the residential section would greatly benefit from modernization, this aspect also represents an incredible opportunity to increase value through renovations. Once refurbished, it could yield approximately £16,800 in annual rental income.
The ground-floor commercial unit is currently tenanted as a hairdressing salon and includes both preparation space and W/C facilities. Predicted market rent for this commercial aspect is around £10,000 annually.
In total, the combined projected income from both residential and commercial units stands at approximately £26,800 per year, highlighting significant investment potential. This mixed-use property not only offers varied living arrangements but also an established business operation in a high-traffic location—an enticing proposition for any investor.
