This mixed-use property presents a compelling opportunity for investors seeking immediate income as well as future appreciation potential. Located on popular Plungington Road in Preston, the property benefits from its proximity to the university and city centre, making it attractive for both investors and tenants. The ground floor features a fully operational commercial unit currently housing the established Mom’s Kitchen Sandwich Bar, which has been tastefully renovated to include an inviting shop front, service counter, and a well-equipped kitchen. Additional amenities consist of a storage area with sink, back storage room, W/C, and side access for deliveries.
Above the commercial space is a spacious two-bedroom residential flat accessible via a private entrance. While this flat offers generous living areas including two double bedrooms, a reception room, bathroom, and kitchen, it is in need of modernization. This presents an excellent opportunity for the new owner to enhance its value through strategic refurbishment.
As it stands, this dual-income asset generates reliable monthly rental income from the flat at £650, contributing to an overall gross yield of approximately £17,400 per year when combined with the commercial unit. With thoughtful renovations, there is significant potential to elevate rental prices for both units and maximize your return on investment.
Overall, this property is situated in a high-demand area with solid transport links and local amenities—a rare find that warrants early inspection to grasp its full potential.
