Summary - FLAT, 5 GORDON ROAD, WIMBORNE MINSTER BH21 2AP
1 bed 1 bath Retail Property (high street)
Long-term retail income with residential upside and approved conversion consent.
Total income £48,405.53 per annum from April 2026
A substantial mixed-use freehold on a busy local parade, producing stable retail income with immediate upside from the residential element. The ground floor houses a long 15-year lease to a national convenience operator and a separate hairdresser lease, providing diversified income. The modern three‑bed flat above is let on an AST and the tenant will vacate if required, offering re-letting or owner-occupation potential.
Planning consent (May 2022, 3/21/1574) exists for a new two‑bed first‑floor flat to the rear; sewage and utilities have been installed but are not connected. Activating the consent would unlock additional rental or sales value, though a CIL liability of £11,483.60 and utility connection work should be allowed for. The property totals about 2,000 sq ft across retail, storage and residential space with forecourt and on-street parking.
Income is shown at £48,405.53 pa (from April 2026) with staggered rent reviews in the commercial leases. The blocks are serviceable externally but would benefit from routine refurbishment and external redecoration. Note there is an above-average local crime rate and the area serves a densely populated, working catchment — factors to weigh for tenant profile and insurance costs.
This lot suits investors seeking immediate, diversified cashflow and short-term enhancement through the approved conversion. It also offers hands-on purchasers scope to optimise the rear garage/service area and to increase residential rents once vacant or after conversion works.
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