Summary - 2, MIDDLEWOOD ROAD S6 4GY
1 bed 1 bath Retail Property (high street)
Prominent high‑street frontage with excellent pedestrian visibility
Set on a prominent corner of Middlewood Road in Hillsborough, this five‑storey former bank offers 2,025 sq ft of flexible retail and ancillary space with excellent pedestrian and roadside visibility. The ground‑floor banking hall and metal‑framed frontage provide a strong high‑street presence suited to retail, café, showroom or office uses (subject to planning). Upper floors include offices, storage, attic and a cellar with a safe — useful for secure storage or conversion potential.
The building is a Victorian stone mid‑terrace with period character but a worn façade and internal areas that will require renovation. The upper floors are suitable for reuse but are currently basic and will need upgrading for modern office or residential standards. There is limited external/private space and access to the rear via a shared yard only.
This is a clear opportunity for an investor, owner‑occupier or SIPP buyer looking for a high‑footfall, town‑centre asset at a modest entry price. Take account of local challenges: the immediate area has strong retail activity but also high crime and local deprivation indicators, and the property sits in a medium flood‑risk zone. VAT is not elected and small business rates relief may apply to qualifying occupiers.
Offers are invited around £195,000 for the freehold, with a quoted rent of £18,000 pa for lease scenarios. The building suits buyers prepared to invest in refurbishment to unlock rental growth or repurpose upper floors under a new planning consent.
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