Vacant shop and flat with strong rental potential in a central location.
- Vacant commercial shop with separate one-bed flat above
- Estimated rental income £15,000+ per annum
- Total area approximately 953 sq ft
- Leasehold with 843 years remaining
- Victorian stone terrace; scope for cosmetic refurbishment
- High local flooding risk; factor mitigation costs
- Above-average local crime; area classified very deprived
- Likely need for energy-efficiency upgrades and repairs
A mixed-use, period terrace on Blackburn Road offering a clear income opportunity for investors or owner-occupiers. The ground floor is a spacious, vacant commercial shop with kitchen and WC; the first floor is a one-bedroom flat with separate access, lounge/bed, kitchen and shower room. Combined floor area approximately 953 sq ft with an estimated rental potential of £15,000+ per annum.
The property is offered leasehold with 843 years remaining — effectively a long lease — and is available vacant immediately, making it straightforward to let or occupy. The Victorian stone façade and compact, adaptable interiors provide scope for cosmetic refurbishment or reconfiguration to suit a new retail operator or tenanting strategy.
Buyers should note material drawbacks: the location sits in a very deprived area with above-average crime and a high flooding risk. The property likely needs energy-efficiency improvements and general updating to maximise rental value. Budget for remedial works and flood mitigation when assessing yield and insurance costs.
This is a practical, city-centre investment for buyers focused on income and long-term capital growth. Clear rental figures and vacant possession reduce acquisition complexity, but factor in local area challenges and refurbishment spend into your return calculations.
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