Freehold town-centre building with immediate rental potential for active investors.
- Freehold mixed-use building, approx. 2,465 sq ft total
- Seven bedrooms and five bathrooms across residential accommodation
- Quoted gross annual income potential £46,200; circa 13.4% gross yield
- Vacant units currently; available for immediate re-letting or refurbishment
- No private garden; on-street parking only
- Located in a very deprived, constrained-renter neighbourhood
- Buyers Premium payable on completion; factor into acquisition costs
- Internal condition appears fair-good; independent survey recommended
A substantial period mixed-use building on Broad Street, offered freehold with upper-floor residential accommodation above ground-floor commercial units. The property extends to about 2,465 sq ft, currently vacant, and described as being in good condition internally with seven bedrooms and five bathrooms across the residential accommodation.
Set in a central, town-centre location with strong on-street amenity access, the portfolio is marketed to investors and developers. The seller’s figures indicate a potential gross annual income of £46,200 and a quoted gross yield around 13.4% if rents are achieved at current market levels — attractive on paper for buy-to-let portfolios seeking immediate income uplift.
Buyers should note material considerations: the building sits in a very deprived area with a local classification of constrained renters and a wider transitional Eastern European neighbourhood. There is no visible private outdoor space, and the street-facing plot offers only on-street parking. The property is sold with a Buyers Premium payable on purchase.
This is a hands-on investment: the units are vacant and ready for re-letting or refurbishment, so purchasers should budget for tenanting, potential refurbishment works and professional surveys to confirm condition, exact floor areas and compliance. For a motivated investor, the combination of central location, period character and stated rental potential gives clear scope to increase income after repositioning.
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