Income-producing period property with conversion potential in a growing town.
• Freehold mixed‑use building on Station Road, guide price £495,000
• Current gross income £33,900 per annum from multiple lets
• Front retail unit on a newly signed three‑year lease
• Ground‑floor office could convert to flat subject to consent
• One‑ and two‑bed apartments on upper floors currently let
• Period Victorian/early‑20th‑century character; external wear visible
• Requires maintenance and updating throughout; budget for repairs
• Area classified as deprived; average crime and broadband speeds
This mixed-use high street property on Station Road, Desborough, is offered freehold with a guide price of £495,000. The building combines retail, office and residential accommodation and currently produces a total income of £33,900 per annum from a newly signed three‑year lease on the front retail unit, ground‑floor office space and one- and two‑bed apartments on the upper floors.
The property is a period Victorian/early‑20th‑century terrace/semi style with commercial potential and a very large plot. Some parts show exterior wear and the building requires maintenance and updating; the ground‑floor office has potential for conversion into additional residential accommodation subject to consents. Flood risk is listed as none and mobile signal is excellent.
Location factors are mixed: Desborough is a growing town with nearby residential developments and many local amenities, but the immediate area is classified as deprived with average crime and average broadband speeds. Schools nearby include highly rated infant and good primary schools, while the local secondary has an Inadequate Ofsted rating.
For an investor or owner‑occupier seeking rental income and longer‑term upside from conversion or refurbishment, this property offers immediate cash flow and scope for value‑add. Buyers should allow budget and time for maintenance, possible conversion consents and take the local socioeconomic context into account.
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