Estimated combined income £1,575pcm (£18,900pa)
A freehold mixed-use block on Stanley Road offering immediate rental income and short-term refurbishment potential. The building contains two let one-bed flats and a vacant ground-floor shop, producing an estimated combined income of £1,575pcm (£18,900pa) once the shop is let. The two flats are occupied on 12‑month tenancies started March 2024, with reviews due March 2026.
The ground-floor commercial unit is vacant and requires refurbishment before re-letting; the seller estimates an achievable rent of around £500pcm post-refurbishment. The property is compact (c.635 sq ft) on a very small plot in a major conurbation location with fast broadband and excellent mobile signal—useful for modern lettings and management.
Buyers should note material sale conditions: fixed price £150,000 sold under unconditional online auction terms with immediate exchange on sale, a non-refundable 10% deposit (minimum £5,000), and a buyer’s fee of £6,000 (inc. VAT). The area records high crime and very high deprivation and council tax is described as expensive—factors to weigh for tenant demand and insurance/management costs.
This is suitable for investors seeking a compact, income-producing freehold requiring modest shop refurbishment and active management. Review the legal pack for tenancy details, special conditions, and to confirm refurbishment obligations and fees before bidding.