Summary - Lisle House Lisle House Lisle House Lisle House Lisle House Lisle House Lisle House King Street, Peterborough, PE1 PE1 1LT
7 bed 7 bath Office
Turnkey retail plus seven new one-bed flats, ready for income-focused buyers.
Prominent city-centre corner building with high footfall
A compact mixed-use investment in central Peterborough, Kingsgate offers turnkey income from retail and seven newly completed one-bedroom apartments. The ground floor retail unit is currently leased, while the three floors above contain brand new apartments fitted with modern kitchens, air conditioning and video entry systems.
The property benefits from a prominent corner position in a busy city-centre location, moments from the train station, Central Park and a wide range of shops, leisure and transport links. The building is newly renovated with contemporary finishes throughout and a combined reported income of £123,200 per annum. Tenure is share of freehold and the total internal area is approximately 1,646 sq ft.
This is a clear opportunity for an investor seeking immediate rental income from a compact, multi-storey asset in a high-footfall area. Prospective purchasers should note the wider locality indicators: the neighbourhood is classified as very deprived with very high crime levels. These factors may affect voids, management costs and rental growth potential. Active on-site management and robust tenant screening are recommended.
Financial and operational considerations include the single ground-floor retail tenant alongside seven new let-one-bedroom flats; verify tenancy agreements, service arrangements and any ongoing maintenance commitments. The property suits an investor prepared to manage an urban, high-traffic asset with upside through professional asset management and close oversight of lettings and security.
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