Summary - 108 NORFOLK STREET WISBECH PE13 2LD
1 bed 1 bath Mixed Use
**Standout Features:**
- **Type:** Mixed-use property with retail and residential units
- **Location:** Heart of Wisbech, a bustling market town in Cambridgeshire
- **Yield:** Gross Initial Yield of 10.39%
- **Rental Income:** £30,660 per annum
- **Size:** Total area of 3,213 sq ft
- **Ground Floor:** Two retail shops
- **Upper Floors:** Three self-contained flats
- **Tenancy:** All units currently let, providing immediate rental income
- **Freehold Tenure:** Ownership of property and land
**Summary:**
Discover a rare investment opportunity in this mixed-use property at 108/108A Norfolk Street, Wisbech. This well-placed building features two retail shops on the ground floor, ideal for capitalizing on bustling foot traffic, alongside three self-contained flats above, promising strong rental returns. The immediate income potential with established leases brings in a notable £30,660 annually and a compelling gross yield of 10.39%.
While the property boasts traditional Victorian architecture with sturdy brickwork, it is essential to note that the local area has high crime rates and some socioeconomic challenges, which may affect tenants and business operations. Each unit within the property has its own unique rental terms, further adding to the investment's stability, and could offer promising opportunities for future renovations or enhancements.
Whether you're an investor looking to expand your portfolio or seeking an income-generating property in a dynamic town, this mixed-use investment won't last long. Act quickly to secure a versatile property in a prime location!
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