Summary - 156 Bristol Arcade, Southgate/Market Place, Sleaford, Lincolnshire, NG34 7ST NG34 7ST
1 bed 1 bath Retail Property (high street)
Grade II listed covered arcade with 15 retail units and communal walkway
Includes five flats (3x2-bed, 2x1-bed); one flat vacant, needs refurbishment
Current gross rent ~£130,000 pa; estimated ERV ~£155,000 pa
Prominent Market Place corner location with good town-centre visibility
Further redevelopment potential; vacant structures may suit café/restaurant (subject to consents)
High flood risk — significant mitigation and insurance considerations
Listed status restricts alterations; planning and listed-consent issues likely
Located in deprived area with very high crime — impacts lettings and operating costs
Bristol Arcade is a rare multi-let, mixed retail and residential investment occupying a prominent Market Place corner in Sleaford. The Grade II listed stone façade and covered shopping arcade host 15 retail units, five self-contained flats and ancillary offices and garages, producing current gross income of approximately £130,000 pa with an estimated ERV of £155,000 pa. The property’s scale and central location deliver clear upside through re-letting, refurbishment and targeted redevelopment of vacant areas.
This opportunity suits an investor prepared to manage a complex, long-term town-centre asset. Several retail units include first-floor ancillary space; one flat is vacant and requires internal refurbishment, offering immediate uplift potential once renovated. North Kesteven District Council’s proposed pedestrian bridge and nearby cinema/leisure scheme could materially increase footfall and trading performance if realised.
Buyers should note material constraints: the building is Grade II listed, which will limit alterations and may complicate redevelopment. The site is in a high flood-risk area and located in a neighbourhood with elevated crime and area deprivation statistics, which may affect tenant mix and insurance costs. The property requires renovation and some vacant elements likely need repurposing or investment to reach the advertised ERV. Tenure details are not confirmed and will require verification.
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