Summary - 42, HIGH STREET TN24 8TE
1 bed 1 bath Commercial Property
Freehold mixed‑use asset with immediate rental income and short‑term upside.
Prime pedestrian frontage on Ashford High Street near national retailers
Two newly refurbished two‑bed flats; one apartment includes an en‑suite
Ground‑floor shop let at £14,600 pa on eFR&I terms; outstanding 2023 review
Shop lease expires June 2028 — only eight years remaining on lease
Short lease may make mortgage lending difficult or impossible
No private garden; small plot typical of town‑centre property
Basement stores and rear office/staff areas provide operational space
Located in a high‑crime, deprived area — higher investor risk
A rare freehold investment on Ashford High Street combining an income‑producing ground‑floor shop and two newly refurbished two‑bed flats above. The building benefits from direct pedestrian frontage in a busy town centre trading location close to national retailers and transport links, making it straightforward to re-let or reposition upon lease expiry.
The ground floor is let to an established occupier on effective full repairing and insuring (eFR&I) terms, producing a current passing rent of £14,600 pa. The lease includes upwards‑only market rent reviews and is let until June 2028; the June 2023 rent review remains outstanding, creating short‑term re‑pricing potential for a new owner.
Upstairs are two modern two‑bed flats finished to a good standard, each with open living/dining spaces and contemporary kitchens and bathrooms — one flat benefits from an en‑suite. The properties are newly renovated and ready for immediate occupation or rental, supporting near‑term income.
Important cautions for buyers: the shop lease has only eight years remaining, which may deter mortgage lenders and limit mortgageability. The property sits in a high‑crime, economically deprived area, and there is no private outdoor space. These factors affect investor risk and should be weighed against the prime trading location and short‑term rental upside.
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