Fully let retail plus two flats, strong footfall and immediate income.
Prime mixed-use freehold on busy Albany Road
A substantial mixed-use freehold on busy Albany Road, offered fully let with day-one income. The building comprises a large ground-floor retail unit (tenant-funded refurbishment due) and two self-contained two-bedroom flats, together producing £48,048 pa. At the listed price this equates to a gross yield of about 8.1%, making the asset attractive to income-focused investors.
The retail unit benefits from strong footfall and proximity to national multiples, boosting long-term occupational demand. Both flats are separately accessed and independently serviced (EPC D), providing straightforward management and scope to enhance rental tone through specification improvements.
Material considerations are clear: the neighbourhood records high crime and very high deprivation indices, and local broadband speeds are slow. The building is an early-20th-century sandstone/limestone mid-terrace with assumed no wall insulation; some thermal improvements may be needed. EPC D ratings for the flats and unknown council tax/operational costs should be factored into valuations.
Overall, this is a secure, income-producing opportunity with immediate cashflow and asset-management upside from specification upgrades and the tenant-funded retail refurbishment. Suitable for investors targeting steady returns in a busy, student-oriented trading location prepared to accept social and infrastructure challenges.
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