Ready-to-rent investment with immediate income potential and flexible uses.
Victorian mixed-use building with large glazed commercial frontage
A substantial Victorian mixed-use building on Margaret Street offering immediate income and flexible long-term options. The ground floor is an operational commercial office with large glazed frontage while the upper floors contain a spacious, bay-fronted three-bedroom flat currently run as an Airbnb. The property was refurbished in 2023 and presents modern fixtures, two bathrooms (including an ensuite) and high ceilings characteristic of its period.
This is set up for investors or owner-occupiers wanting trading space plus accommodation. Combined estimated income is around £20,200 per year if both units are let; the flat alone has an estimated residential income of £10,200 pa and the commercial space could achieve about £10,000 pa on a full repairing lease. EPCs are D for both units and there is no flood risk for the address.
Important sale details affect cost and timing: the property is offered by the Modern Method of Auction and completion must occur within 56 days. A non-refundable reservation fee of 4.5% of the purchase price (minimum £6,600) applies, plus a Buyer Information Pack fee (£349) and optional service fees. Buyers using a mortgage should ensure affordability and lender approval before bidding.
Practical points: gas and electricity run on separate supplies (commercial boiler renewed 2025), and water is currently on a single supply for both units but can be separated at low cost. The rear garden is low maintenance and the plot is small. The property sits in an area of higher deprivation and would suit buyers seeking a return-focused investment with short-term rental potential or a business owner who needs living accommodation above premises.
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