Summary - 1a Mansfield Road,BALDOCK,SG7 6EB SG7 6EB
3 bed 1 bath Residential Development
Mixed-use building with immediate rental income and high-street conversion potential.
- Freehold three-storey mixed-use building in central Baldock
- Two flats (1-bed and 2-bed) producing ~£12,960 pa
- Vacant 40-cover ground floor restaurant; contents not included
- Historic restaurant income circa £13,500 pa, current vacant
- Combined income approx £26,500 pa; quoted 7.56% yield
- Flats EPC rated E; energy upgrades likely required
- No garden; urban footprint ~1,265 sq ft, low external maintenance
- Change-of-use or fit-out costs possible for ground-floor reuse
A three-storey freehold mixed-use building in central Baldock, just off the Georgian high street, offering immediate rental income from two flats and a vacant 40-cover restaurant. The upper floors comprise a one-bedroom and a two-bedroom flat producing around £12,960 per year; the ground-floor restaurant historically produced circa £13,500. Combined income is approximately £26,500 per year, giving a quoted yield of about 7.56% at the asking price of £350,000.
The ground floor is vacant and comes without the restaurant contents or kitchen equipment, offering flexibility: retain as a catering unit, re-let, convert to a residential unit or office, or repurpose as a retail/café/tradespace to suit the high-street mix. Flats 1b and 1c have EPC ratings of E and council tax banding is awaited. There is no garden and the property footprint is urban and substantial (circa 1,265 sq ft overall), suited to buyers seeking town-centre, low-external-maintenance investments.
Practical considerations are clear: the commercial fit-out is not included, so the cost to re-open as a trading restaurant will depend on tenant fit-out or buyer investment. The flats are producing rental income now, but EPC E indicates potential energy-improvement work may be needed to raise marketability or comply with future lettings standards. The property sits in an affluent, low-flood-risk town centre with good local amenities and schooling nearby, supporting long-term rental demand.
This opportunity suits investors or owner-occupiers wanting hands-on value creation through refurbishment or conversion of the ground floor. Expect to budget for fit-out, energy upgrades and to confirm statutory details (council tax band, planning for any change of use) before committing.
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