Summary - 18, STATION STREET PE11 1EF
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Mixed-use property with ground floor retail space and a two-bedroom flat above.
- Prime town center location on Station Street, overlooking Sheep Market.
- Average-sized retail unit with large display windows for visibility.
- Flat currently let on AST, generating an income of £625 pcm.
- Properties constructed between 1900-1929, providing Victorian charm.
- Off-street parking and nearby public car parking available.
- Solid brick construction; double glazing throughout.
- Room for renovation to enhance value and appeal.
**Summary:**
This exceptional mixed-use property presents a unique investment opportunity in the heart of Spalding. With a robust ground floor retail space measuring 598 sq ft, complemented by a spacious two-bedroom flat above, this end-terrace Victorian building combines commercial and residential potential. Currently let, the flat offers a steady rental income, perfect for investors. Nestled in a vibrant town center, this property benefits from excellent visibility and easy access to various local amenities, from cafés to healthcare.
While the property does require some cosmetic updates, it promises significant renovation potential to tailor it to modern tastes. Off-street parking and accessible public parking enhance convenience. However, buyers should be aware of the higher crime rates in the area, which may affect investment considerations. This property is a great fit for first-time investors or those looking to live in a bustling urban environment while generating rental income. Act quickly—mixed-use opportunities like this in prime locations are rare and won't last long!
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