Summary - 4A Patchwork Row NG20 8AL
1 bed 1 bath Shop
**Standout Features:**
- Versatile commercial and residential investment opportunity
- Ground floor retail space (previously a beauty salon) with kitchen and W/C
- First-floor flat with private entrance, kitchen-diner, and two double en-suites
- Average annual rental income of £15,600
- Situated in a transitional area with a range of local amenities
- Proximity to several well-rated schools
**Notable Concerns:**
- High local crime rate
- Property shows signs of aging; some areas may need updates or repairs
- Very small plot size, limiting outdoor or expansion opportunities
- Room heaters provide heating; no central system appears to be present
Discover a unique opportunity in NG20 8AL! This adaptable property features a vibrant ground-floor retail space, currently operating as a beauty salon, which promises consistent rental income. Supported by a charming first-floor flat that boasts its own entrance and ample amenities, this setup caters perfectly to investors seeking dual potential in a popular retail location.
While the surrounding neighborhood offers an engaging blend of shops and schools, be mindful that the area is classified with high crime rates and average broadband speeds, indicative of a transitional community. The property is compact, and renovations may be required, especially considering some areas reflect wear and tear. However, the affordable council tax and low investment price of £170,000 can provide an enticing entry point for first-time buyers or investors alike. Don’t miss out on this exclusive chance to capitalize on a mixed-use investment that not only holds immediate potential but also embodies future growth possibilities!
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