Summary - 4, THE BROADWAY PE27 5BN
1 bed 1 bath Shop
**Standout Features:**
- Fully let investment with a net initial yield of 7.86%
- Prime location along The Broadway in St. Ives
- Currently leased to established tenants, Pure Beauty, until June 2029 at £12,000 per annum
- Includes ground and upper sales areas with a basement office/store
- Close proximity to major retailers and local amenities
**Concerns:**
- Limited lease term of 5 years may affect mortgage options
- High crime rate in the local area
- Average-sized property (602 sq ft) may limit business options
This ground floor shop presents an excellent opportunity for investors seeking a reliable income stream in the heart of St. Ives. The property boasts a strategic position within a bustling retail area, surrounded by well-known brands and local conveniences, ensuring steady foot traffic. Currently occupied by a well-established beauty business, the shop benefits from a secure five-year lease, generating an annual rental income of £12,000—ensuring a solid return.
Though it has certain drawbacks like a short-term lease, which could hinder financing options, and a higher crime rate, the investment's strengths—including attractive yield and strong location—may outweigh these concerns. Ideal for savvy investors, this property promises potential for appreciation and the possibility for renovations or expansions in the future, making it a worthwhile addition to your portfolio. Act fast, as opportunities like this in central market towns are rare!
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