**Standout Features:**
- Prime location on High Street, Sheringham with high foot traffic
- Mixed-use investment: ground floor retail with two upper residential units
- Current rental income of £24,000 PA, potential to increase to £42,000 PA
- Attractive reversionary yield of 10.72%
- Available freehold at £375,000, only £96.35 per sq ft
- Off-street parking available
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This promising mixed-use property at 50 High Street, Sheringham, presents a unique investment opportunity in a vibrant seaside community. Spanning over 3,800 square feet, the ground floor houses the renowned restaurant "The Sheringham Trawler," complete with captivating Tudor Revival architecture and a timber-framed shopfront. The upper floors feature two self-contained single-bedroom residential units, ideal for attracting tenants seeking convenient living in a bustling location.
Potential buyers will appreciate the weak current rental income of £24,000 PA against an achievable estimate of £42,000 PA, providing room for substantial revenue growth. The location is fortified by a myriad of walkable amenities, including shops, eateries, and public transport, appealing to families and young professionals alike. The property also boasts off-road parking, enhancing its customer and tenant accessibility.
While the structure presents a strong commercial front with room for creative enhancements, it’s important to note the mixed-use dynamics may require careful management of both retail and residential interests. With its attractive yield and future renovation potential, this property invites ambitious investors to visualize the possibilities it holds within the seaside charm of Sheringham. Don’t miss out on this exceptional opportunity – it won't last long!