Summary - 17 MAREFAIR NORTHAMPTON NN1 1SR
1 bed 1 bath Convenience Store
Large shop with conversion upside close to central amenities and transport.
Freehold Victorian mid-terrace shop with large retail ground floor
A substantial Victorian mid-terrace commercial building in Northampton town centre, offered freehold with a large ground-floor retail unit. The ground floor provides a roomy shopfront and rear facilities; upper floors offer scope for conversion into residential accommodation, subject to planning. Some renovation work has already begun, giving a purchaser a head start on the project.
This is primarily an investor/developer opportunity: the vendor states potential for a two-bedroom duplex on the upper floors, and an estimated post-development annual income of £35,000–£40,000 (not guaranteed). Conversion and occupation will require the necessary approvals; no planning consent is recorded as granted and any conversion remains subject to local authority permission.
Material considerations are clear and significant. The building needs refurbishment throughout and is offered for cash purchase only. The property sits in an area with very high crime levels and high deprivation, which may affect tenant demand, security costs and management requirements. Buyers should factor in refurbishment, compliance works and potential management measures into budgets.
For the right buyer — a developer or experienced investor willing to manage a town-centre refurbishment in a busy, mixed-use area — this freehold presents clear upside from mixed-use income or resale after conversion. Due diligence is advised on planning strategy, security measures and projected returns before committing.
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