Income-producing mixed-use building with redevelopment potential — short lease limits mortgage options.
Prominent Victorian shopfront with large display windows
A substantial mixed-use building on Stapleford’s busy High Street, renovated to a high standard in 2017 and currently producing income from two tenants. The ground floor offers a prominent period shopfront with large display windows, secure modern fittings and flexible rear workspace ideal for retail, professional services or continued commercial let. The first-floor two-bedroom apartment is bright and airy with exposed beams, open-plan living and modern electric heating.
This opportunity is aimed squarely at investors seeking immediate rental return: current income is £21,600pa (combined commercial and residential). There is scope to increase value — lapsed permission exists for two apartments at the rear and consent has previously been granted to convert the rear workspace into a self-contained 1-bed while retaining the shop — though buyers should verify current planning status.
Important cautions: the property sits on a short lease period listed as five years remaining, which will likely restrict mortgage lending and may limit the buyer pool. Flooding risk is classed as medium and local crime levels are above average, so factor insurance and security costs into running expenses despite the property’s high-spec security measures.
Overall this is a large, well-presented high-street investment with immediate income and redevelopment potential, best suited to a cash buyer or an investor comfortable operating in a limited-lease, higher-risk urban location.