Summary - 7, YEWBARROW TERRACE LA11 6ED
3 bed 1 bath Mixed Use
**Key Features:**
- Grade II Listed mixed-use property
- Ground floor retail unit with a 20-year lease, generating £15,000 annually
- Two residential apartments (1 bed for £500 pcm; 2 beds for £725 pcm)
- Desirable location in Grange-over-Sands near parks and amenities
- Current total rental income of £30,700 per annum
- Asking price: £550,000 (low capital value of £128 per sq ft)
- Potential for rental growth and property enhancement
**Property Overview:**
Nestled in the picturesque town of Grange-over-Sands, this impressive Grade II Listed mixed-use property combines commercial and residential spaces, making it an enticing investment opportunity. The ground floor shop is leased to a well-established tenant, offering stability with a 20-year lease expiring in 2027, while the two separately accessed apartments deliver consistent rental income. Both residential units have long-standing tenants, highlighting the strong local rental market.
Phoenix House boasts classic Victorian architecture, spacious interiors with high ceilings, and enviable views overlooking the Promenade Recreational Park and Ornamental Gardens. The well-connected location provides easy access to local amenities and transportation options, enhancing its appeal for families and investors alike. Although there are some challenges due to the remaining lease term and Listed status, making renovations complex, the property has strong rental reversionary potential and could see growth in value with effective management. With limited mixed-use opportunity in this desirable area, now is the time to consider Phoenix House as a savvy investment.
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