Summary - 21 BANK STREET ASHFORD TN23 1DG
1 bed 1 bath Commercial Property
Income-producing mixed-use Victorian building with immediate availability.
Prominent central Bank Street location with strong footfall potential
Set on a prominent stretch of Bank Street in Ashford, this mixed-use Victorian mid-terrace offers an income-producing retail unit with two separately let residential flats above. The ground-floor lock-up provides around 740 sq ft of open-plan retail with basement storage, WC and kitchenette — currently trading as an oriental massage parlour. The upper floors comprise two recently refurbished 2-bed flats, each on long-term tenancies, producing an immediate combined rental income of approximately £44,500 per year.
The property is newly renovated internally and benefits from an excellent central location with strong footfall and many nearby amenities, including multiple national retailers, cafes and transport links. Broadband and mobile connectivity are strong, and there is no recorded flood risk. The asking price is £600,000, which gives a gross rental yield of roughly 7.4% based on current income.
Important considerations for buyers: the building sits in a deprived area with a high local crime rate, which may affect tenant profiles and insurance costs. Tenure is not specified and should be confirmed, and although the property has been refurbished, the shop is trading under an existing business use and signage, which incoming landlords should review. Immediate availability makes this suitable for investors seeking a hands-on central asset with stable income and some asset-management upside.
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