This property portfolio presents a compelling opportunity for investors looking to capitalize on existing income streams while also exploring significant enhancement options. It includes two residential units currently generating an annual income of £39,317, alongside potential commercial revenue from two vacant units that could yield an estimated £12,000 to £18,000 per year once occupied. The total projected income ranges from £50,160 to £56,160 annually at the current value of £385,000, indicating a gross yield between 13.0% and 14.6%.
One notable aspect is the option to convert part of the commercial space into a three-bedroom residential unit similar to the established tenancy at 2 Moor Street. There’s considerable scope to improve rental values through strategic refurbishment and reconfiguration. Additionally, alternative uses for the second commercial space could be explored, opening further avenues for redevelopment or diversification in use. This combination of stable income with robust potential for growth presents a valuable proposition for astute buyers seeking to enhance their investment portfolio.
