This investment opportunity presents a fully occupied commercial property located in the bustling center of Downham Market, producing an annual rental income of £23,400. The property consists of four self-contained commercial units, each tenanted, along with a generous rear plot that spans approximately 2,750 sq ft (0.06 acres). Notably, this rear area houses a derelict bungalow that could be revitalized or redeveloped for residential use, pending planning permission.
The rental income is derived from the following units:
- 17 High Street (Online Business): 1,089 sq ft across two floors, generating £300 pcm.
- 17a High Street (Takeaway): A compact unit at 305 sq ft with a rental of £500 pcm.
- 17b High Street (Barber): A 341 sq ft space also yielding £500 pcm.
- 19a High Street (Estate Agent): The largest at 834 sq ft brings in £650 pcm.
Totaling around 2,569 sq ft across all commercial spaces and strategically located on the high street, this property offers solid cash flow now while presenting significant potential for future value enhancement through possible redevelopment at the rear.
Current leasing agreements are in place until 2028 for three units, ensuring stability while you consider the development options available.
