Summary - 14a, Market Place, ALFORD LN13 9EB
2 bed 1 bath Mixed Use
**Standout Features:**
- **Mixed-Use Investment:** Ground floor retail and first-floor residential flat.
- **Stable Income:** Current rental income of £12,700 p.a. with an impressive gross yield of 8.47%.
- **Location:** Situated in the heart of Alford, a vibrant market town, close to local amenities and public parking.
- **Size:** Ground floor shop spans 95 sq m (1,022 sq ft); first-floor flat features 2 bedrooms, living room, kitchen, and bathroom at 42 sq m (452 sq ft).
- **Tenancy Security:** Retail unit leased until 2029 with a solid tenant; residential flat on a rolling tenancy.
**Potential Concerns:**
- **VAT Applicable:** Additional costs may apply.
- **Above Average Crime Rate:** Consider safety and security measures for future tenants.
This mixed-use property at 14A Market Place, Alford, represents a compelling investment opportunity with solid rental income. The ground floor boasts a spacious retail space of 95 sq m, perfect for business ventures, while the self-contained two-bedroom flat above offers convenience and comfortable living. With a rental yield of 8.47%, investors will appreciate the steady cash flow from established leases. The location provides easy access to local amenities like shops, a church, and leisure facilities, enhancing its appeal both for residential tenants and foot traffic for the retail unit.
However, potential buyers should be aware of the VAT charge applicable to the purchase and the area’s above-average crime rate. This property serves as a comfortable dual-income investment, blending commercial viability with residential ease, ideal for savvy investors or those looking to step into the rental market. Don’t miss out on this unique opportunity to own a slice of Alford's vibrant market area!
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