Summary - 14 Tower Street PE30 1EJ
1 bed 1 bath Shop
**Standout Features:**
- Three-storey retail shop with living accommodation
- Prime location near town centre
- Currently let with a rental income of £10,000 per annum
- Enclosed yard and brick-built store
- Freehold tenure, ideal for investors
**Concerns:**
- Very high crime rate in the area
- Constructed before 1900, with potential maintenance needs
- Mixed user area classified as transitional, which may affect appeal
This expansive three-storey retail shop in the heart of the town centre presents a unique investment opportunity, combining commercial space with comfortable living quarters. Spanning approximately 700 sq ft, it features a vibrant main shop area, kitchen, lounge, and spacious bedroom, ideal for a range of users including entrepreneurs or as a rental property. The enrolled tenants are currently paying £10,000 annually, providing a stable income stream and potential for long-term appreciation.
The property offers a charming, traditional Victorian design with a functional layout and an enclosed yard for additional outdoor space. Given the building's historic nature, it does come with some maintenance considerations, and prospective buyers should be aware of the high crime rate in the vicinity. However, the excellent mobile signal and fast broadband speeds enhance its usability for modern business needs.
Investors will appreciate the flexibility for future renovations to maximize returns, making this a compelling opportunity to secure a foothold in a transitional neighborhood with potential for growth. Don’t miss out—properties with this level of rental opportunity rarely stay on the market for long!
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