Summary - 30, MOUNT PLEASANT B97 4JB
1 bed 1 bath Commercial Property
Town-centre mixed-use with immediate rental income and refurbishment potential.
Freehold mixed-use end-terrace with retail and two flats
Gross rent £26,220 per annum from existing tenancies
No.28: large shop plus lower-ground storage; No.30: smaller shop
Upper floors: two double bedrooms, lounge, kitchen and bathroom each
Good-sized rear garden; on-street free parking; on bus route
Area classified as deprived with high local crime rates
Requires refurbishment; EPC to be confirmed
No.28 tenant has break option 9 July 2029
This freehold end-terrace offers an established income stream from two ground-floor shops and two self-contained flats. The property produces a gross rent of £26,220 per year and presents clear asset-management and refurbishment upside for an investor prepared to improve retail layouts and residential standards.
The buildings are traditional Victorian brick with bay windows to the upper floors and a good-sized rear garden accessed via a pedestrian path. Number 28 includes a substantial ground-floor shop with lower-ground storage; Number 30 is a smaller shop. Upper floors comprise two double bedrooms, lounge, kitchen and bathroom in each flat and are let on assured shorthold tenancies.
Notable considerations: the area has high crime rates and is classified as deprived, which may affect long-term capital growth and tenant stability. One commercial lease (No.28) includes a tenant break in July 2029; No.30 has a long lease from 2013. The building requires refurbishment and an EPC is to be confirmed. On-street parking and excellent public transport links and proximity to the town centre support lettability.
This property suits an investor seeking immediate income with medium-term value-add potential through active management, refurbishment or reconfiguration of retail space. Buyers should factor refurbishment costs and local market characteristics into their valuation.
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