Large period mixed-use freehold in central Hythe — part-let with immediate income and uplift potential.
Freehold mixed-use: two shops, large 2-bed flat, separate studio/office
A rare mixed-use freehold in the heart of Hythe, this substantial period building combines two ground-floor shops, a large two-bedroom maisonette above and a separate rear studio/office. The High Street location sits adjacent to Iceland and opposite the Post Office, providing strong pedestrian trade and excellent visibility for retail tenants. Part-vacant possession will be available from November, offering immediate rental income with short-term upside as voids are relet.
The property retains character features throughout — exposed beams, stone floors and high-level ceilings — which create strong appeal for boutique retail or hospitality uses and an attractive home above. Accommodation extends into a courtyard and small rear garden with an outbuilding currently used as a studio/office, expanding lettable or owner-occupier options.
Practical points: the building is electrically heated and only part-double glazed, which may limit energy performance and could require investment. Several units are currently let (combined current income circa £30,600 pa historically), and one or more lets will continue after completion; purchasers should allow for tenant notice and lease terms. The plot is small and on a busy High Street, so there is limited scope for substantial extension.
This is a clear opportunity for investors seeking central Hythe rental income and future regear potential, or for an owner-occupier looking to live above their business in a prominent trading position. Buyers should factor refurbishment and energy improvement costs into their budgets to maximise long-term returns.
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