Prominent high‑street frontage with multi-unit income and refurbishment potential.
Freehold mixed-use building with retail, warehouse and four flats
A prominent mixed-use freehold on North Road, offered with current rental income of £42,940 per annum and a guide price of £400,000. The building combines a ground-floor retail unit with a rear warehouse and four self-contained flats, three of which have been recently refurbished. Separate utility supplies and dual street access add operational flexibility for multiple occupiers.
The property benefits from strong roadside exposure on an arterial route, adjacent to a Morrisons and other established traders, helping deliver steady passing trade and lettability for retail or alternative commercial uses (subject to consent). The substantial internal floor area (4,423 sq ft) and warehouse access from Katherine Street support light storage, trade counter, or service uses alongside residential income.
Buyers should note material considerations: the asset sits in a very deprived area with very high local crime levels, which may affect letting profiles and insurance costs. External condition appears serviceable but several areas may require modernization; plot and on-site parking are minimal. This is a value-add opportunity for an investor prepared to refurbish remaining accommodation and actively manage a mixed-tenure asset in a busy town location.
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