Freehold mixed-use unit with planning consent and short-term income — investor opportunity.
Freehold mixed-use building with ground-floor restaurant and one-bedroom flat above
A compact mixed-use freehold on Clifton Street offering immediate rental income and short-term redevelopment potential. The ground floor operates as a takeaway/restaurant with a self-contained one-bedroom flat above, making it suitable for an investor seeking a city-parade asset with ancillary accommodation.
Planning consent (ref. 22/00104/MNR) exists for partial conversion to three apartments plus a ground-floor commercial unit, and there is rear access from Sapphire Street to support redevelopment or servicing. The property appears broadly sound but modest in size and will benefit from a refurbishment of the shopfront and first-floor accommodation to enhance rental value.
Important negatives are clear and material: the whole building is let on a full repairing and insuring lease only until September 2028 (about five years remaining). That short lease term may restrict mortgage finance or deter some purchasers. The location sits within a very deprived area with very high local crime statistics — this will influence tenant profile, yields and management considerations.
This opportunity suits an investor or experienced operator comfortable with urban-parade assets, short-income visibility, and a hands-on approach to refurbishment or conversion. Buyers should carry out detailed lease, planning and lender checks before committing.
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