Summary - 45, MARKET PLACE BA12 9AZ
1 bed 1 bath Shop
Income-producing Georgian shop with two modern flats in a busy Market Place location.
- Mixed-use freehold: ground-floor shop plus two self-contained flats
- Combined current income £29,700 pa; gross initial yield 7.92%
- Shop on 10-year FR&I lease from Feb 2023; tenant break at year five
- Flats modernised; retain period features and gas central heating
- Grade II listed — restrictions and potential conservation costs
- Very high local crime levels may affect insurance and tenant demand
- Fast broadband and excellent mobile signal; central town location
- External stone walls likely uninsulated; energy upgrade costs probable
A rare town-centre, mixed-use freehold investment combining a substantial ground-floor shop and two modernised self-contained flats. The property produces a combined current income of £29,700 pa, reflecting a gross initial yield of 7.92% at the guide price of £375,000 — attractive for investors seeking income and upside via periodic rent reviews.
The Grade II listed Georgian mid-terrace retains period features in the flats (beamed sitting rooms, Georgian windows) while the residential units have been recently modernised and are separately serviced with gas central heating. The shop is let on a 10-year effectively full repairing and insuring lease from February 2023 (tenant-only break at year five) with three-year upward-only rent reviews; the landlord holds a three-month rent deposit.
Location is a core strength: Market Place is a busy town-centre pitch close to national occupiers, the central car park and the mainline station for direct regional services. Practical positives include fast broadband, excellent mobile signal and separate servicing for each unit.
Material considerations: the building is Grade II listed which will constrain external alterations and may complicate maintenance or change of use. The local area records very high crime levels, which could impact tenant demand and insurance costs. Construction predates 1900 and external stone walls are assumed uninsulated — buyers should allow for potential conservation-sensitive maintenance and energy-improvement costs. EPCs range C–D across units.
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