Summary - MELROSE, WEST STREET LN13 9DG
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Investment Opportunity:** Current rental income of £6,760 per annum from two ground floor retail units.
- **Sizeable Layout:** Approximately 2,319 sq ft over three stories, with potential for further development (subject to planning).
- **Historic Charm:** A Grade II listed Georgian property, showcasing high ceilings and original character.
- **Location Benefit:** Located on West Street, providing easy access to local amenities and foot traffic.
**Concerns:**
- **Renovation Restrictions:** Being listed limits renovation options.
- **Limited Inspection:** Property condition currently unverified as it has not been inspected.
- **General Area Crime:** Crime rates are above average in the local area.
This expansive high street retail property in the heart of Alford presents a unique investment opportunity for those looking to leverage the commercial potential of this vibrant area. The property features two retail units, generating stable rental income, along with multiple rooms on the upper floors that can be repurposed as needed. With fast broadband and excellent mobile signal, this location is perfect for businesses aiming to thrive in a small town atmosphere.
Investors should note that the property's historical designation may pose challenges for renovations or extensions, but its substantial size and strategic position make it a compelling choice. The surrounding amenities—including cafes, shops, and services—further enhance its appeal for both tenants and customers. Act quickly to secure this one-of-a-kind opportunity as properties of this caliber don’t stay on the market for long!
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