Summary - 40, HIGH STREET PE29 3AQ
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Prime High Street location in Huntingdon
- Mixed-use property with retail and residential components
- Generating annual income of approximately £37,575 through commercial and residential leases
- Potential for further development at the rear (subject to planning permissions)
- Excellent visibility and foot traffic with a prominent shopfront
This well-positioned mixed-use property at 40 High Street, Huntingdon, presents an exceptional investment opportunity with thriving rental income. Anchored by a lease for the ground-floor retail space, producing an initial annual rent of £20,475 with fixed increases, this location guarantees viable income streams. The two residential units above complement this with additional earnings of £17,100 per annum.
With the bustling local community and various amenities just a stone's throw away, this property ensures strong foot traffic and easy access for customers and residents alike. However, potential buyers should note the current 12-year lease, which may impact mortgage accessibility. The building also offers considerable development potential, inviting new owners to explore expansion opportunities at the rear, subject to obtaining necessary consents.
While the area is relatively affluent, it does experience a high crime rate, something to consider for future security measures. This property, with its unique blend of commercial and residential appeal, presents an investment with immediate rental returns and future development flexibility in a thriving market. Act swiftly, as opportunities in such prime locations are rarely available for long!
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