Summary - 2A, SHEEP MARKET PE11 1BH
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime mixed-use location in central Spalding
- Full planning permission for converting upper parts to a 2-bedroom flat
- Ground-floor retail units with current tenants and contracts in place
- Off-street parking available
- High potential rental returns
- Large property size (1,738 sq. ft.)
**Concerns:**
- Remaining 3-year lease may affect mortgage lending options
- High local crime rate
- Average broadband speeds
This spacious mixed-use property is an exceptional investment opportunity in the heart of Spalding. With a large footprint of 1,738 sq. ft., it offers tremendous potential for both commercial and residential use. The ground-floor retail units are currently occupied, generating steady income with a combined rental yield of £20,000 per annum, providing immediate returns.
Benefit from full planning permission to convert the upper floors into a 2-bedroom flat, expanding your investment options even further. Off-street parking is a bonus, catering to both business clientele and potential residents. The property, constructed before 1900, features a solid brick facade, adding historical charm to its modern potential.
While the three-year remaining lease may present a challenge for some mortgage lenders, savvy investors will recognize this as an opportunity for ultimately maximizing value in a vibrant neighborhood surrounded by various amenities, shops, and schools. Don’t miss out on this rare chance to secure a versatile property in a bustling central location—opportunities like this are not available for long!
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