Summary - Second Floor Flat, 56 St. Marys Street OX10 0EL
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime location in Wallingford town centre with dual-sided access
- Mixed-use property comprising commercial and residential units
- Current rental income from established businesses: hair salon (£16,000/annum) until November 2028 and sweet shop (£9,100/annum) until August 2029
- Potential for residential development: previous planning for a studio and one-bedroom apartment (now lapsed)
- Two-bedroom apartment generating £1,050/month, tenant in place until October 2024
- Freehold tenure with significant rental yield potential
**Concerns:**
- Lapsed planning permission limits immediate residential development options
- First floor currently unoccupied, requiring potential renovations to unlock value
- Property built pre-1900 may necessitate updates to meet modern standards
Discover an exceptional investment opportunity in the heart of Wallingford, featuring a distinguished Georgian multi-storey building with both commercial and residential elements. This property not only offers a vibrant retail presence with reliable tenants but also holds significant untapped potential for further residential development. The first floor office space could easily be transformed into living spaces, appealing to the demand for housing in this affluent area, while the second floor's two-bedroom apartment provides immediate income.
Located in a thriving town with rich amenities and proximity to top schools, this freehold property promises a secure investment with the potential for substantial growth. Given the previous planning approval and current rental income, this is an attractive proposition for first-time buyers looking to enter the property market or seasoned investors aiming to expand their portfolio. Don’t miss out on the chance to capitalize on Wallingford's charm and steady demand—properties like this are rare and seldom stay on the market for long.
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