This freehold mixed-use investment presents a promising opportunity for those looking to maximize rental income in a vibrant area of Wales. The property consists of a detached retail parade featuring multiple commercial units and maisonettes, with two three-bedroom flats located above the ground floor shops. Currently, one set of premises is under a tenancy at will while additional leases provide steady income until 2031 and 2032.
With an annual income of £33,700, there is significant potential for growth by leasing the currently vacant maisonette at unit 2A and informally occupied unit 1A, which could generate an estimated additional £24,000 per annum. This could elevate total gross annual income to approximately £57,700.
The parade’s prime location offers good visibility and foot traffic situated near key transport links and local amenities. Each unit has access to rear yards for operational needs alongside balcony access for the flats above. Furthermore, planning permission already exists for the narrow lawned area adjacent to the property, adding further value potential.
Investors will find this opportunity not only appealing but ripe for refurbishment that could significantly increase its worth.
