**Standout Features:**
- Mixed-use investment property with gross rental income of £19,150 per annum.
- High yield potential at 11.96%.
- Commercial unit spans three floors, totaling approximately 1,937 sq ft.
- Three-bedroom maisonette generating £12,151 annually on an AST.
- Situated in a bustling location on Abbey Road, close to local amenities and the seafront.
**Notable Concerns:**
- Commercial lease expires in 4 years, which may impact financing options.
- Property needs modernization – opportunity for renovation and value enhancement.
- High crime rate in the local area may deter some potential buyers.
This large mixed-use property on Abbey Road presents an excellent investment opportunity for savvy buyers. With a gross rental income of £19,150 annually, this property boasts an attractive yield of nearly 12%. The commercial unit, arranged across three floors, is currently let until December 2027, providing a reliable income stream. Above, a spacious three-bedroom maisonette adds further rental value and versatility to the investment.
The Victorian-style building holds charm with its period character, offering access to the vibrant town center and popular amenities within walking distance, ideal for families and young professionals alike. While the property does require some modernization, it allows for creative renovation potential that can enhance both living space and value.
However, it's important to consider the remaining four years on the commercial lease, which may affect mortgage financing options. Additionally, buyers should be aware of the local area's high crime rates, although the community offers a rich array of services and entertainment prospects. Don’t miss out on this unique opportunity to invest in a growing area—schedule a viewing today!
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