Turnkey mixed-use freehold with strong current income and rent-review upside..
- Fully let freehold mixed-use building with immediate income
- Current income £47,100 pa; gross yield c. 9.9%
- Commercial unit on FRI lease to Feb 2029; rent review due this year
- Four self-contained 1-bed flats (tenanted), commercial restaurant active
- Large Victorian corner building; prominent main-road position
- Very deprived area with very high recorded crime rates
- Small plot; potential maintenance and refurbishment costs
- Lease and rent-review details unverified — solicitor due diligence advised
A high-yield, fully let mixed-use freehold on busy County Road, offering immediate income and long-term upside. The building comprises a ground-floor commercial restaurant on a Full Repairing & Insuring (FRI) lease plus four self-contained one-bedroom flats, producing a current aggregate income of £47,100 pa (gross yield c. 9.9%). The commercial lease runs to February 2029 with a rent review due this year, providing a potential uplift in income but also timing that buyers should verify.
The property is a large Victorian corner building with retained period brickwork and a prominent shopfront, set on a small plot in a major conurbation. Residential flats are modern in feel (laminate floors, recessed lighting) and are fully let, giving a turnkey income stream. There is no reported flood risk and broadband/mobile connectivity are good — useful for tenant demand and management.
Buyers should note this asset sits in a very deprived area with very high recorded crime rates, and local socio-economic indicators are weak. The commercial tenant occupies on an FRI basis until 2029, so short-term reversion is limited until lease expiry; purchasers should confirm lease documentation, any service charge arrangements and rent review outcomes. As a large, older building, periodic maintenance or refurbishment costs are possible — due diligence on structure and services is recommended.
Overall, this is a straightforward income-producing investment for an investor seeking immediate cashflow from mixed residential and commercial streams, with potential for rental growth at the imminent commercial rent review and longer-term asset management opportunities.