Summary - 74a High Street CM9 5ET
1 bed 1 bath Mixed Use
Freehold retail with flat and parking, steady income and upgrade potential.
Ground-floor retail income £9,880 per annum
Self-contained first-floor one-bedroom flat currently vacant
Two allocated off-street parking spaces to the rear
Grade II listed — restrictions on alterations and repairs
Freehold title (EX823670) — guide price £275,000
EPC Band C (55); electric storage heaters, secondary glazing
Small plot and compact rear space limits expansion potential
Local area records higher crime; consider security measures
This Grade II listed freehold presents a compact mixed-use investment in a prime town-centre position. The ground-floor retail unit produces a current income of £9,880 per annum and benefits from strong footfall next to national occupiers. The self-contained one-bedroom flat above is vacant, offering immediate occupation, re-let potential or conversion options subject to listing constraints.
Practical positives include two allocated rear car parking spaces, an EPC at Band C (55) and mains services connected. The building’s traditional 1930s mid-terrace construction and substantial room proportions give scope for cosmetic improvement to increase rental value or household comfort. The shop’s rateable value and potential small business relief may reduce operating costs for an occupier.
Buyers should note material constraints: the property is Grade II listed which will restrict external and some internal alterations and can complicate refurbishment works and planning. Heating is via electric storage heaters and glazing is secondary — both likely to limit energy performance without sensitive upgrades. The area records higher local crime statistics, and the plot is small, limiting external expansion.
This opportunity suits investors seeking a core high-street holding with immediate income and short-term upside from letting or modest refurbishment. Owner-occupiers considering a combined live-work arrangement should factor in listed-building controls and likely upgrade costs for modern heating and windows.
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