Summary - 14a Newerne Street GL15 5RF
5 bed 4 bath Block of Apartments
Let, modernised mixed-use block with parking and immediate income.
Freehold mixed-use block with retail and four residential units
A compact, centrally located mixed-use building on Newerne Street offering an immediate rental income stream. The freehold sale includes a ground-floor retail unit and four modernised residential units (two 2-bed apartments, one 1-bed maisonette) producing a total gross income of about £31,800 per annum. All residential units are let on ASTs and the retail unit is under lease, providing hands-off cashflow from day one.
Recent modernisation and double glazing reduce near-term capital spend; the block benefits from off-street rear parking/courtyard and gas-fired central heating. Council Tax Band A keeps occupier running costs low. The property’s traditional Georgian/mid-terrace frontage suits the town-centre location and should remain attractive to local tenants and passing retail trade.
Material considerations for investors: the building lies in an area with higher crime and local deprivation indicators and a medium flood risk—factors that can affect rental levels and insurance costs. Constructed before 1900 with assumed uninsulated solid stone walls, there may be longer-term energy-efficiency upgrades required. Total internal area is modest (c. 662 sq ft reported), so rental growth is likely incremental rather than dramatic.
This is a practical, let-and-forget income asset for a buyer seeking steady town-centre returns with some scope to add value through energy upgrades, active asset management, or modest reconfiguration where leases permit.
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