Dual-income property with immediate rental potential and high street exposure.
Mixed-use mid-terrace with ground-floor commercial and upper residential unit
A substantial mixed-use mid-terrace on Margaret Street offering dual income streams and town-centre visibility. The building combines a ground-floor commercial unit with a self-contained upper residential element, currently operating as an office and an Airbnb‑let flat. Refurbished in 2023, the property benefits from modern fixtures, a new commercial boiler (2025) and separate gas/electric supplies for each unit.
For investors this is a straightforward yield play: advertised potential combined annual income of around £20,200 from long-term lets, or retain the Airbnb income stream. The pavement-front commercial presence and prominent bay window help with footfall; on-street parking and direct street access suit retail, office or small business operators.
Buyers should note this sale is by auction under the Modern Method of Auction. Successful bidders pay a non‑refundable Reservation Fee of 4.5% (minimum £6,600) plus a Buyer Information Pack fee (£349). Allow 56 days to complete and check mortgage affordability before bidding. EPCs for both units are D.
Practical considerations: the building dates to before 1900 and external walls are sandstone/limestone with assumed no cavity insulation. Plot depth and garden space are minimal; the area records high deprivation. These factors affect running costs and potential upgrade work, though recent refurbishment reduces immediate capital expenditure.
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