Summary - 14a, Market Place, ALFORD LN13 9EB
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Ground floor retail investment
- Rental income: £7,000 p.a. with a Gross Initial Yield of 7.00%
- Lease until 2029 with no breaks
- 1,022 sq ft open-plan space
**Potential Concerns:**
- Above-average crime rate in the area
- Deprivation levels in the vicinity
This prime retail investment opportunity in Market Place, Alford, offers a large ground-floor shop measuring 1,022 sq ft. Currently leased until 2029, this property generates an annual rental income of £7,000, providing a solid 7.00% Gross Initial Yield, ideal for savvy investors seeking stable returns. The impressive Georgian shopfront and contemporary interior designs make it attractive for various commercial uses.
Located in a bustling market town, the property benefits from high foot traffic, being close to other established businesses like the Post Office and Co-op Food. While the area has an above-average crime rate and notable deprivation levels, the strong rental history and long lease make this an enticing long-term investment. With the potential for future renovations, this property offers an appealing mix of stability and opportunity for growth. Don’t miss out on this chance to secure a valuable asset!
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