Two-storey opportunity with conversion potential and immediate possession.
Freehold two-storey mixed-use building with retail and upper rooms
Sold at online auction — buyers should expect quick completion
Vacant possession on sale; recently let at £1,050 per quarter
Total area c.938 sq ft; small plot with rear yard
Victorian stone façade; traditional high-street location
Suitable for live-over conversion subject to planning and works
Located in very deprived area — affects rents and capital growth
Requires refurbishment; modest room sizes and standard ceilings
Offered for online auction, this two-storey freehold on a busy High Street presents a straightforward investment or conversion prospect. The ground floor currently comprises a retail sales area with rear office and ancillary space, while the first floor provides two rooms and landing — suitable for live-over conversion to a flat subject to consent. The property has recently been let but will be sold with vacant possession, and is marketed at a low guide price, attracting attention from cash buyers and small-scale developers.
The building has a traditional stone Victorian façade and standard ceiling heights throughout; room sizes are small to medium and the plot is compact with a rear yard. There are no recorded flood risks and mobile signal is excellent, while broadband speeds are average. The location is in the town’s main shopping area among national and local retailers, offering footfall but sitting within a very deprived, blue-collar area which may limit rental and capital growth in the short term.
Important negatives are factual and material: the property sits in a very deprived local area and will likely need refurbishment to achieve residential conversion or improved rental income. Plot size is small and internal rooms are modest, so any redevelopment will need careful planning. Tenure is advised freehold but should be verified by a solicitor. Sold at auction, buyers should allow for immediate completion requirements and carry costs for renovation or upgrade works.
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