Summary - 16, HICKMOTT ROAD S11 8QF
3 bed 1 bath Commercial Property
Income-focused buy-to-let close to cafes, transport and shops.
Freehold mixed-use investment producing £12,740 pa total income
A compact freehold investment in a busy Hunters Bar parade, combining a ground-floor lock-up retail unit with a three-bedroom terrace to the rear. The property currently produces a total income of £12,740 per annum (shop £6,500 pa; residential £6,240 pa on a regulated tenancy). The building has had a new roof in recent years and includes a small rear courtyard.
The retail unit is a simple lock-up shop with a WC, currently let on a short-term lease running until September 2028. The three-storey residential section is let on a regulated tenancy and includes fitted kitchen, sitting/dining room, cellar and a rear courtyard. There is realistic potential to increase income when tenancies are reviewed or renegotiated.
Important practical points: only a few years remain on the lease (noted as four years remaining), which is likely to deter many mortgage lenders and will affect buyer financing options. The location is very busy and cosmopolitan, but the area records above-average crime and a medium flood risk — both factors to consider for insurance and management costs. The property is small in footprint and best suited to an investor comfortable with short leases and managed tenancies.
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