Summary - CROSS HILL MOTORS, CROSS HILL WF9 4LQ
1 bed 1 bath Commercial Property
Two income streams with refurbishment potential in a busy market town location.
Freehold mixed-use Victorian corner building
This substantial Victorian freehold occupies a prominent high-street corner in Hemsworth, offering two income-producing units and clear upside for a hands-on investor. The ground-floor open-plan salon and first-floor two-bedroom flat are both let, delivering a combined annual rental income of £16,200 and an approximate gross yield of 9.5% at the asking price of £169,950.
The building retains period character—arched entrance, bay window and high ceilings—while parts need updating. The salon trades successfully and returns £650 pcm; the first-floor accommodation is on a 12-month AST and returns £700 pcm. A compact kitchen and some dated decor suggest straightforward refurbishment potential to increase rents and capital value.
Positioned beside a busy JD Wetherspoons and close to multiple shops, transport links and local amenities, the property benefits from strong footfall and excellent mobile signal. Notable negatives: the local area records higher crime levels and broadband speed is only average. Buyers should factor in tenant management, possible refurbishment costs and local area characteristics when assessing investment prospects.
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