This mixed-use property offers a versatile investment opportunity featuring a one-bedroom flat on the first floor, a spacious ground-floor commercial unit, and a large basement with potential for conversion (subject to planning permission). The property is positioned to capitalize on multiple income streams, making it an ideal prospect for investors or developers looking to enhance value.
The first-floor flat includes a private entrance, an open-plan living and dining area that is bright and neutrally decorated, a well-sized kitchen with contemporary fittings, and a generous double bedroom. Currently tenanted at £500 per month, the estimated market rent in its current condition could be around £625 per month.
The ground-floor commercial space boasts substantial dimensions (approximately 26m x 6m) with large shopfront windows ensuring high visibility. Previously used as a nail salon, it is equipped with secure roller shutters and has its own WC. This unit is estimated to achieve rental values between £700 and £750 per month once fully let.
Additionally, the substantial dry cellar presents an excellent opportunity for further development into a self-contained flat (subject to planning approval), potentially increasing rental yields by an estimated £600-£650 per month if developed. A separate parcel of land adjacent to the property adds further rental flexibility with an expected value of £300-£400 per month.
Overall, this property not only provides immediate income but also significant long-term growth potential through development opportunities—making it suitable for both investors and owner-occupiers alike.
