Summary - GROUND FLOOR, 35, BROADWAY ME12 1TP
5 bed 5 bath Mixed Use
### Standout Features:
- **Mixed Use**: Shop plus four tenanted flats – ideal for investors.
- **Renovated Shop**: Refurbished for £65,000, long-term tenant since 1993.
- **Stable Income**: Total annual income of £41,250 from all units.
- **Excellent Parking**: Rear off-road parking for up to 4 vehicles.
- **Prime Location**: Located in a bustling area of Sheerness, close to amenities and transport links.
### Notable Concerns:
- **Lease Term**: Only 5 years left on the commercial lease may hinder mortgage options.
- **High Crime Area**: Local crime rates are above average, which may be a concern for some buyers.
- **Education Quality**: Nearby schools have mixed Ofsted ratings, with some needing improvement.
### Summary:
This promising freehold investment property in Sheerness combines the charm of a renovated Victorian shop with four fully-tenanted flats, offering a mixed-use opportunity with substantial rental income. The ground floor shop, housing a reliable tenant since 1993, generates a solid annual income of £8,850, while the flats collectively yield an impressive £32,400 annually. Each residential unit features long-standing tenants, contributing to a stable cash flow.
Benefiting from off-road parking for both tenants and customers, the property's prime location provides easy access to a variety of local amenities and transport links, perfect for enhancing tenant attraction. However, potential investors should be cautious of the short lease duration on the commercial unit and the higher crime rates in the area. This investment is ideal for those looking to diversify with a mixed-use property in an active urban setting. Don’t miss this chance to capitalize on a property with significant future rental uplift potential!
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