Summary - 5A, ST JAMES STREET DE1 1QT
1 bed 1 bath Retail Property (high street)
Prominent pedestrianised location with redevelopment upside for hands-on investors.
Freehold retail unit with vacant possession and immediate redevelopment potential
Total area 88.07 sq m (948 sq ft) ground and basement ancillary
ERV £20,000 pa; GIY approximately 8.51% at asking price
Victorian façade with large display windows; good street visibility
Requires refurbishment before trading or letting; interior condition not specified
High flooding risk, very high local crime and significant area deprivation
A freehold retail unit on pedestrianised St James Street, offered with vacant possession and immediate redevelopment potential. The mid-terrace Victorian frontage and large display windows give strong street visibility between Corn Market and Victoria Street close to Derbion Shopping Centre.
The property totals 88.07 sq m (948 sq ft) across ground floor retail and basement ancillary space, with an estimated rental value of £20,000 pa and a gross initial yield of about 8.51% at the asking price of £235,000. VAT is not applicable. Fast broadband and excellent mobile signal support modern retail or service uses.
Notable negatives are material: the area records very high crime, very high flooding risk and significant local deprivation, and the unit requires refurbishment to let or trade. This is a city-centre, speculative investment—suitable for investors or operators prepared to upgrade the space and manage location risks.
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