Summary - 41-43, WESTGATE STREET IP1 3DX
1 bed 1 bath Shop
Prime high‑footfall retail asset with redevelopment upside for investors.
Double‑fronted three‑storey unit with wide glazed Westgate Street frontage
Net internal area approximately 4,331 sq ft over ground and two upper floors
Upper floors potentially developable/convertible subject to planning permission
Prominent pedestrianised town‑centre pitch with high footfall potential
Rear servicing and small yard accessed from Black Horse Lane
Area classified very deprived with very high local crime — affects costs
Tenure unknown; new lease available — confirm lease length and covenants
Conversion or refurbishment likely to require additional capital and consents
A substantial, double‑fronted retail unit occupying 4,331 sq ft across three storeys in a prominent, pedestrianised Westgate Street pitch. The wide glazed frontage and large ground‑floor sales area suit fashion, multiple retail formats or continued single‑operator use. Upper floors include first‑floor sales and second‑floor stock rooms with a kitchen and rear servicing via Black Horse Lane.
The property offers clear development upside: upper floors could be adapted or converted subject to planning, creating additional income or extended sales space. The footprint and town‑centre location deliver high pass‑by footfall and visibility that many smaller town units cannot match.
Buyers should note material factors plainly. The surrounding area is classified as very deprived with very high crime levels — this affects insurance, security costs and tenant mix. Tenure is unknown and a new lease is offered, so confirm lease terms and statutory consents early. Any conversion or change of use will be subject to planning approval.
Overall this is a large, well‑situated retail asset with redevelopment potential for an investor or operator prepared to manage area risks and secure appropriate consents. The asking price reflects the scale and central location but plan for additional expenditure on security, fit‑out and any permitted works.
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