Summary - 6 UPPER OLLAND STREET BUNGAY NR35 1BG
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Dual income potential: retail shop (£10,000pa) + 1-bed flat (£7,200pa)
- Newly renovated residential unit with modern fixtures
- Prominent location in bustling market town of Bungay
- Large rear yard for parking and deliveries
- Freehold tenure; chain-free sale
**Notable Concerns:**
- Short lease (1 year) on residential unit; may affect mortgage eligibility
- Listed status could complicate future renovations
- Above-average crime rate in area
Discover a promising investment opportunity in this striking Georgian-style building located at the heart of Bungay. The property features a well-established convenience store on the ground floor generating a reliable income of £10,000 per annum, while a newly renovated one-bedroom flat above contributes an additional £7,200 per annum and is currently let on an AST.
Ideal for first-time investors or those seeking a dual-income option, the property is chain-free and offers a spacious rear yard for off-street parking and deliveries. Despite the attractive rental yield, be mindful that the residential lease has only one year remaining, which could limit mortgage options, and the listed status may present challenges for renovations. Positioned close to essential amenities and local schools, this property not only promises value now but offers future potential for growth in a vibrant community. Act quickly to seize this unique opportunity before it’s gone!
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