Summary - 39B HIGH STREET ELY CB7 4LF
1 bed 1 bath Commercial Property
Income-producing Georgian building with conversion upside for investors.
Prominent Ely High Street location with strong footfall
A rare mixed-use investment on Ely High Street, this three-storey Georgian terrace offers immediate rental income and long-term asset potential. The ground and lower-ground retail space is let to a national occupier (Specsavers), which also occupies ancillary first-floor staff space. Three privately let flats above provide additional income and diversification across residential ASTs.
The building totals 3,172 sq ft and sits in a prominent town-centre position with strong footfall, fast broadband and close proximity to national retailers and local amenities. The facade and period character suit retention or sensitive refurbishment, while the internal plan—open-plan retail flowing to consultation rooms and a rear passage to separate flat access—supports continued multi-let use or conversion planning, subject to consents.
Important considerations for buyers: the plot is compact and tenure details are not stated, so investigate title and lease terms. Crime levels in the immediate area are reported as high, which may affect tenant mix and insurance costs. The retail element is fitted to the current tenant’s specification and a portion of first-floor accommodation is used as staff/office space rather than residential, which may limit immediate alternative uses without negotiation.
This opportunity suits investors seeking a prominent, income-producing high-street asset with upside from rent reviews, re-gearing, or conversion of accommodation (subject to planning). Expect hands-on asset management to harmonise leases and maximise value while addressing local area security and leasehold details.
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