Summary - 245A, COUNTY ROAD L4 5PE
1 bed 1 bath Commercial Property
Auction lot: income-producing shop plus flat with short shop lease and refurbishment upside..
- Freehold mixed-use building with immediate rental income £12,600 pa
- Ground-floor shop let on a renewed 3-year lease (short lease risk)
- First/second floor two-bed flat let; tenant in situ 14 years
- Sold at auction; guide price £95,000+; buy-as-seen
- EPC rating C for both shop and flat; double glazing and gas heating
- Located on busy County Road retail parade; good transport links
- High local crime and very deprived area; higher management risk
- Small plot, rear yard and cellar not inspected; refurbishment likely
A three-storey mixed-use freehold on County Road offering immediate rental income and clear repositioning potential for an investor. The ground-floor retail unit is currently trading as a beauty clinic on a renewed three-year lease; a two-bedroom flat above is separately accessed and has a long-standing tenant of 14 years. Combined rents produce £12,600 per annum and the property benefits from double glazing, gas central heating and electric roller shutters.
This lot will be sold by public auction with a guide price of £95,000+. It suits a buyer prepared to manage short lease issues at the shop level and to act quickly on tenancy/lease renewal, re-letting or refurbishment to secure longer-term value. The building has basic fabric typical of its era (solid brick walls, assumed no insulation) and EPC ratings of C for both shop and flat.
Important practical considerations: the shop lease has only three years remaining — many mortgage lenders may refuse finance on that basis and the property is in a very deprived area with a high local crime rate. The site is small, with a rear yard and an uninspected cellar. These are material factors for running costs, insurance and re-letting strategy.
For the right buyer—an investor or experienced landlord willing to buy at auction—this is a low-entry freehold with immediate income and scope to increase value through lease negotiation, targeted refurbishment or alternative tenant mix. Buyers should undertake their own due diligence, including legal pack, tenancy details and condition survey, before bidding.
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