Summary - 5-7, NEVILL STREET PR9 0DE
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Sizeable ground floor retail unit: 1,281 sq ft
- Historic Victorian architecture with arched windows and ornate detailing
- Located in a bustling town center with high foot traffic
- Currently leased with a rental income of £23,000 per annum
- Long lease: 978 years remaining
**Potential Concerns:**
- High crime rate in the local area
- Area designated as deprived which may impact future value
- Selling at auction with potential bidding competition
This exceptional ground floor retail unit offers a unique investment opportunity for those looking to tap into a vibrant town center market. The property boasts impressive Victorian design features, high ceilings, and substantial square footage, making it suitable for a variety of retail uses. With a current lease yielding £23,000 annually, it provides an immediate income stream.
Situated within a cosmopolitan student neighborhood, this location is surrounded by an array of local amenities, schools, and excellent transport links, ideal for attracting foot traffic. However, potential buyers should consider the high crime rate and the area’s socio-economic challenges. This versatile property not only fulfills immediate investment needs but also provides the potential for future renovations or repurpose, ensuring a promising addition to your portfolio. Act quickly—opportunities like this in prime retail spots seldom last long!
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