Summary - 296, WALLISDOWN ROAD BH11 8PN
1 bed 1 bath Commercial Property
**Standout Features:**
- Mixed-use property with ground floor retail shop and 4/5-bedroom flat
- Shop let on a new 10-year lease at £20,000 p.a. (starting August 2025) to Julias House
- Recently renovated flat with modern kitchen and bathroom
- Spacious total area of 3,046 sq. ft.
- Freehold tenure, chain-free sale
- Off-street parking available
**Potential Concerns:**
- High crime area
- Mortgage lenders may refuse to lend due to the short lease remaining on the commercial property (10 years left)
- No insulation assumed in cavity wall construction
**Summary Description:**
This exceptional mixed-use property combines a lucrative commercial space with a newly renovated residential flat above, making it perfect for both investors and those looking for rental opportunities. The expansive ground floor shop, currently occupied by Julias House charity, offers a steady income with a secure 10-year lease generating £20,000 per annum. Above, the spacious 4/5-bedroom flat features contemporary updates, making it an attractive prospect for family living or additional rental income.
Situated along the bustling A3049 Wallisdown Road, you'll benefit from high visibility and traffic, surrounded by a mix of diverse businesses and established residential neighborhoods. While the high crime rates and lack of mortgage options may present risks, the potential for growth in this changing area adds value. With off-street parking, this property offers versatility and a solid foundation for long-term investment. Don’t miss your chance to secure a promising asset in this developing locale!
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