This property presents a distinctive blend of commercial and residential spaces, offering a compelling opportunity for renovation and investment. Currently operating as a café, the commercial unit enjoys a prime location directly across from Portslade Station. The versatility of the space allows for continued use as a café, sandwich bar, or coffee shop, making it an attractive proposition for various business ventures. Alternatively, it can be sold with vacant possession, providing flexibility for potential buyers.
The residential component is structured as a maisonette with its own entrance on Worcester Villas. It features four bedrooms and is currently licensed as an HMO, generating an annual income of approximately £25,000 (excluding electricity). This setup provides immediate rental income while also presenting opportunities for further enhancements or modifications to increase tenant appeal.
The property also includes adjacent land that has received planning permission (Application Ref: BH2023/03157) for the development of a three-bedroom house with two bathrooms and off-road parking. This adds significant value to the property; the potential to capitalize on this approved planning could greatly enhance the overall investment profile.
Inside the maisonette, you’ll find well-defined living spaces including a spacious studio room with dual bay windows that flood the area with natural light, and bedrooms that offer varying views and built-in storage options. The kitchen is equipped with fitted units and essential amenities, while the shower room features modern fixtures.
With its combination of established rental income from the residential unit and the potential to expand through new development on the adjacent land, this property stands out as a noteworthy investment in a desirable location.
