Freehold high-street investment with immediate income and re‑letting upside.
Freehold mixed-use terrace with retail and office suites
An established high-street investment on Mere Green Road, offered freehold with an achieved annual rent of £33,250. The terrace comprises three ground-floor retail units (all let on 5-year leases from 2021) and four first-floor offices, of which three are currently vacant — providing immediate rental income and short-term upside through re-letting or refurbishment.
The property extends to approximately 1,376 sq ft NIA and sits in a very affluent, low-crime neighbourhood with strong local amenities, supermarkets and good schools nearby. The Tudor Revival façade and street-facing display windows maintain strong retail presence and tenant appeal.
Material considerations: the first-floor vacancy reduces current income and will require marketing and likely minor works to achieve full rent roll. Buyers should verify rateable values, VAT position and obtain an EPC and legal/title enquiries. At the asking price of £625,000 the gross initial yield is about 5.3% (based on achieved rent), excluding costs and potential re-let income from vacant suites.
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