Summary - 7, GLOUCESTER PARADE, BLACKFEN ROAD DA15 8PS
4 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with a gross initial yield of 7.00%.
- Generating a strong rental income of £62,000 p.a.
- Ground floor includes a beauty salon and a 1-bedroom flat; upper floors feature three studio flats.
- Strategically located on a high street with diverse local traders and amenities.
- Freehold tenure offering lasting investment opportunities.
**Potential Downsides:**
- Compact living spaces in flats may not suit larger families.
- Property may require minor maintenance due to its mid-20th century structure.
**Summary:**
Located at 7 Gloucester Parade, Sidcup, this mixed-use property combines robust investment potential with residential appeal. Hosting a thriving beauty salon and four residential units—including a one-bedroom flat and three studios—this freehold asset offers a prime high street location nestled amongst popular amenities like Coral Betting and Costa Coffee. Notably, the property generates an impressive combined rental income of £62,000 annually, making it a lucrative opportunity for investors.
The residential units present average-sized living accommodations ideal for professionals and couples. With excellent broadband speeds and strong mobile signals, this location provides both comfort and connectivity, appealing to today's modern tenants. While the compact nature of the studios may not suit larger families, this property offers great flexibility for future rental growth or minor renovations. With crime rates in the area low and local schools highly rated, this is an investment that promises not just returns, but also the prospect of community engagement and a secure environment. Don’t miss out on this unique opportunity to secure a high-yield investment that brings potential for both immediate income and future value appreciation.
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