Summary - 25, SOUTHGATE NG34 7SY
1 bed 1 bath Commercial Development
**Standout Features:**
- Prime retail location in Sleaford’s town center
- Ground floor retail unit with three residential flats above
- Total NIA of 223.5 sq m (2,405 sq ft)
- Produces an impressive annual income of £38,400 (GIY 9.97%)
- Retail unit leased to Hass Barbers Ltd for 10 years at £18,000 per annum
- Freehold tenure with great rental potential
**Overview:**
This prominent mixed-use building offers a fantastic investment opportunity in the bustling town center of Sleaford. The ground floor retail space benefits from a high-traffic location, ensuring excellent visibility and footfall. Above the retail unit are three functional flats, contributing to a diverse rental income, with a total of £38,400 per annum. The attractive façade, featuring classic Victorian and Georgian architectural details, hints at character, while the interiors provide scope for modernization.
Current maintenance and refurbishment are necessary, especially considering the age of the building (constructed before 1900), but the low council tax and affordable local amenities—like schools and retail options—enhance the investment appeal. Positioned amidst well-known retailers like Costa and Boots, the property assures future versatility in both retail and residential spaces. Priced at £385,000, this opportunity, with an attractive yield, is not likely to remain on the market long. Don’t miss your chance to capitalize on this rare investment prospect!
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