High‑street retail with two rented flats producing immediate income.
Freehold mixed‑use building with ground‑floor commercial and two rented flats
Large internal area ~2,751 sq ft across three floors
Current vendor‑stated rent £59,800 per annum (verify independently)
Business on ground floor remains operational; sale does not affect trade
Two separate two‑bed flats, both tenanted; council tax band B
Solid brick walls with no assumed insulation; refurbishment likely needed
Energy Rating D for residential; secondary glazing only
Local crime above average; factor in lettability and insurance costs
This freehold mixed‑use building on Hayes Street offers immediate rental income from a ground‑floor commercial unit plus two separate two‑bed flats above. The premises are large (approximately 2,751 sq ft) and sit on a busy high‑street location, with business currently operating and unaffected by sale. Broadband and mobile signals are good and the area is affluent with several highly rated local schools nearby — useful for long‑term tenant demand.
Current figures supplied by the seller state a combined rent of £59,800 per annum (commercial plus two flats). These income figures and tenancy details are vendor‑provided and must be independently verified by any purchaser. The flats are council tax band B and the whole property has an Energy Rating of D for residential elements.
Major positives include freehold ownership, immediate income, sizeable internal area and a central high‑street position with footfall. Notable drawbacks: the building dates from c.1900–1929, has solid brick walls with no built‑in insulation (assumed), secondary glazing only, and an Energy Rating of D — so fabric and services upgrades are likely if aiming to improve EPC or reduce running costs. Crime in the locality is above average, which may affect lettability and insurance costs.
This is an investor‑focused opportunity: suitable for a buy‑and‑hold landlord wanting immediate cashflow, or for a buyer prepared to invest in energy and fabric improvements to increase capital value and rental yields. Any purchaser should commission surveys, tenancy schedule checks and full legal due diligence before exchange.
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