Summary - 32a High Street NR11 8LH
3 bed 1 bath Shop
Large retail unit with income from a proven holiday let above.
Freehold mixed-use shop and 3-bed maisonette over two floors
A rare mixed-use freehold in sought-after Mundesley, this Edwardian/Tudor Revival corner property combines a large ground-floor retail unit with a spacious three-bedroom maisonette above. The maisonette has been operated successfully as a holiday let, producing an annual income of around £15,000–£20,000, while the shop is currently achieving circa £650–£750 pcm on a short rolling agreement. Together they deliver potential for an approximate 9% yield for an investor prepared to manage both residential and commercial tenancies.
The maisonette provides comfortable accommodation over two floors with sash windows, a feature fireplace, fitted kitchen/diner, and three double bedrooms served by a family bathroom. The retail space spans two main shop areas and has traded as hairdressing, barbering and more recently a book/vinyl shop — flexible for many high-street uses. There is one off-street parking space and on-street parking nearby; access to the maisonette is from the rear.
Known facts to note: the building is solid brick (likely without modern cavity insulation), has an EPC rating of D, and falls within an area classified as deprived. The ground-floor tenant occupies on a rolling monthly basis and must vacate before completion unless a new agreement is negotiated. The plot is small and maintenance or modernisation may be needed to improve energy performance and long-term rental returns.
This property suits an investor or lifestyle buyer who values coastal location and mixed-income potential, and who is comfortable arranging any refurbishment or energy upgrades. Proximity to Mundesley’s beach, local amenities and good holiday-letting performance underpin the income opportunity, while transparent tenancy and condition issues mean buyers can plan works and rental strategy from day one.
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