**Standout Features:**
- **Location:** Prime town centre location with high footfall.
- **Lease:** Tenanted until July 2031 at £12,500 per annum (break date passed).
- **Size:** 162 sq m / 1,744 sq ft spread over two floors.
- **Access:** Rear access for deliveries, gated parking for three cars.
- **Amenities:** Kitchenette and bathroom on the first floor.
**Potential Concerns:**
- Limited mortgage options due to only 8 years remaining on the lease.
- Area has high crime rates and is classified as high deprivation.
This exceptional commercial property offers a unique investment opportunity in the heart of a vibrant town center. Currently generating a steady rental income of £12,500 per year under a secure 10-year lease, this two-story unit spans over 1,744 sq ft and features a spacious ground-floor shopfront—perfect for driving customer traffic. The property is set up with practical amenities including a kitchenette and bathroom, providing a conducive environment for business operations.
While the rear access facilitates convenient deliveries, please note that mortgage financing may be limited due to the existing lease conditions, making this property more appealing to cash buyers or seasoned investors. The surrounding area is bustling with amenities but does face challenges such as high crime rates, which should be considered in your investment strategy. With a starting bid at £100,000, this property presents a rare chance to secure a high-visibility asset in a transitional neighborhood—act fast, as opportunities in this market can be fleeting!
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