Summary - 59-61, LONDON ROAD WA4 6SG
1 bed 1 bath Commercial Property
Freehold double-fronted café with flat, strong location and rental uplift potential..
Freehold double-fronted high-street retail and separate one-bed flat included
A rare freehold high-street investment in Stockton Heath village, this double-fronted former Costa Coffee is let as a fully fitted café with a separately accessed one-bedroom flat above. The ground- and first-floor retail is occupied by a regional coffee operator on a new 10-year lease from July 2024; the residential flat is separately tenanted. The combined current income is £48,500 per annum, producing a gross yield of just under 6% at the asking price.
The location is the principal retail stretch of London Road, directly opposite The Forge shopping precinct and close to major anchors and the village car park — strong pedestrian footfall and clear visibility at mid-parade. The unit has a contemporary café fit-out that appears turnkey for continuing coffee/restaurant use, plus rear off-street parking which is useful in a busy village centre.
Important cautions are stated plainly: the commercial lease contains a tenant-only break at year five and only ten years remain on the term, which may restrict mortgage lending and will be a key factor for buyers seeking leveraged purchase. Current headline rent is modest for the location, so income growth is possible but tied to future reversion and lease negotiations.
This property will suit an investor seeking a freehold high-street asset with immediate trading income and potential for rental uplift, or a buyer able to take a cash position to manage lease risk. Inspect the lease terms, service/extraction arrangements and the residential tenancy details carefully before offer.
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