Summary - 33A, WESTGATE PE1 1PZ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Fully let mixed-use property generating an impressive income of £213,200 per annum.
- Ideally situated in the heart of Peterborough, opposite a proposed residential development.
- Comprises 13 recently refurbished apartments and two commercial retail units.
- Offering a solid gross initial yield of 8%.
- Freehold status and chain-free sale.
**Concerns:**
- High crime rate in the area.
- Broadband speeds are very slow.
- Located in a deprived urban environment.
**Summary:**
Discover the investment potential of Walker House, a prime mixed-use property located in the vibrant city center of Peterborough. Spanning over 10,000 square feet, this recently renovated building features two bustling commercial units—a hairdressing supply shop and a chicken takeaway—along with 13 stylish apartments above, all fully tenanted and generating a combined rental income of £213,200 annually.
Positioned prominently on Westgate, Walker House benefits from superb visibility and proximity to attractive retail options and essential amenities, making it a desirable choice for both tenants and investors. While the high crime rate and inadequate broadband connectivity may present challenges, the current strong rental demand in this multicultural neighborhood offers potential for substantial returns. With offers invited in excess of £2,650,000, this opportunity is particularly appealing for savvy investors looking for income-producing properties in a developing area. Act quickly to secure this lucrative asset before it slips away!
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