Summary - 80, CASTLE STREET LE10 1DD
1 bed 1 bath Commercial Property
Town centre freehold with established restaurant income and redevelopment potential.
Freehold mid-terrace restaurant with NIA 2,518 sq ft (233.9 sqm)
This mid-terraced, three‑storey freehold on Castle Street offers an immediate income stream from an operational A3 restaurant with passing rent of £20,000 per annum. The property extends to a generous NIA of 2,518 sq ft arranged over ground, first and attic levels, including a rear sun terrace and small yard. EPC rating B supports continued leisure use and tenant marketability.
Positioned on the pedestrianised high street, the site benefits from clear footfall, nearby amenities and public transport links. The brick-built Victorian façade with original sash windows provides period character attractive to diners and leisure operators or for conversion to alternative town‑centre commercial uses, subject to planning consent.
Material considerations are straightforward: the building is older (pre-1900) with solid brick walls likely without cavity insulation and will require ongoing maintenance and potential upgrades. There is no private parking and the surrounding neighbourhood records a very high crime rate and local area deprivation, factors that should be weighed against rental yields and repositioning plans.
For an investor, this is a central, income-producing asset with scope for rental growth or active asset management—improving internal finishes, targeting higher footfall operators, or securing change of use where permitted. Business is currently unaffected by sale, enabling continuity of income during any ownership transition.
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