Fully let mixed-use building delivering immediate rental income for hands-on investors.
Freehold mixed-use building producing £56,400 pa
Licensed 5‑bed HMO over upper floors, fully let and managed
Ground-floor retail unit on rolling contract, £13,000 pa
HMO rent agreed to rise to £43,500 pa from Sept 2025
Total area c.2,184 sq ft across three floors
Victorian solid-brick construction; assumed no wall insulation
EPC: Flat D, Shop C; medium local flood risk
Auction sale — buyer’s premium payable and sold with tenancies
A substantial freehold mixed-use building on Cheltenham Road, offered with a licensed 5‑bed HMO and a ground-floor retail unit. The property is sold fully let, producing a headline income of £56,400 pa, and occupies a prominent trading position with steady footfall in a busy, student-led neighbourhood. Its Victorian mid-terrace character and 2,184 sq ft of floor area give clear scope for rental growth and repositioning.
This lot is aimed at investors seeking immediate income: the HMO is licensed and professionally managed, with a rent uplift agreed from September 2025. The retail unit sits on a rolling contract and benefits from long-term local trading. The sale is by live online auction (buyer’s premium applicable) with an extended eight-week completion period — ideal for buyers needing short post-exchange time to arrange finance or surveys.
Buyers should note material negatives: the building is Victorian solid-brick with assumed no cavity insulation, an EPC of D (flat) and C (shop), and medium flood risk in the location. Crime rates are above average locally. The property is sold subject to existing tenancies and the legal pack should be reviewed for full tenancy and service-charge details before bidding.
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