This mixed-use property presents a noteworthy investment opportunity, featuring a combination of four residential flats and eight commercial or storage units. With an annual income of approximately £48,120, the current gross yield stands at about 10.7%, underscoring its potential for high returns. The site includes a secure, self-contained yard accessible through an archway below one of the residential flats, enhancing tenant appeal and operational management.
The property houses three two-bedroom flats and one one-bedroom mews flat, which is currently under-rented, indicating immediate room for rental increases. Significant asset management opportunities exist here; both the mews flat and several commercial units are leased below market rates, providing potential for reversionary uplift. Additionally, there may be opportunities for layout optimisation or redevelopment (subject to planning permissions), making this a compelling prospect for investors looking to enhance value through strategic renovations.
Investment highlights include direct street access for some residential units and established rights of access, further adding to the property's utility. This auction property allows for a seamless buying process with clear terms outlined for potential bidders. Overall, with strategic upgrades and adjustments in rental pricing, this asset could offer substantial returns over time.
