Immediate rental income with long-term occupants; sold via online auction..
£11,304 per annum gross rental income from long-term tenants
This lot comprises a ground-floor commercial unit and an upper one-bedroom apartment offered chain free with immediate rental income. The mixed-use Victorian building is freehold and currently fully let, producing £11,304 per annum from long-term tenants—income available from completion and included in the sale being conducted via online auction.
The accommodation extends to approximately 913 sq ft overall across traditional layout proportions. The flat has one bedroom and one bathroom; double glazing and gas central heating are in place. Excellent mobile reception and fast broadband support lettings or future re-letting with minimal connectivity upgrade cost.
There are clear trade-offs. The property sits in a very deprived local area with an average crime level and a local classification indicating community challenges. The sale is by secure online auction (terms apply) with a starting bid of £100,000—buyers should allow for auction timescales and conditional purchase terms.
Local amenities, bus links and several primary and secondary schools are nearby, and the building’s commercial frontage on the main street supports tenant demand. The lot suits an investor seeking immediate yield from existing tenancies, or a buyer prepared to manage improvements and local market risks for future value growth.