Summary - 19, STATION ROAD NN14 2RL
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Combined Investment:** Restaurant premises with lease and two brand-new one-bedroom apartments.
- **Income Potential:** Gross annual income of £30,680, with the restaurant generating £14,000 per year from a 5-year lease starting June 2024.
- **Size and Layout:** Spacious layout of approximately 1,090 sq ft, including multiple dining and kitchen areas, plus two levels for each apartment featuring a study/cot room.
- **Outdoor Appeal:** Includes a small garden area, perfect for private relaxation.
- **Strategic Location:** Situated fronting a busy shopping zone, ensuring foot traffic for the restaurant and easy access to local amenities.
**Potential Downsides:**
- **Maintenance Considerations:** The property needs some modernization, especially in shared facilities.
- **Urban Context:** Located in an ageing urban community, which could impact desirability for some buyers.
**Summary:**
This combined commercial-residential freehold investment offers a rare opportunity for buyers looking for rental income and business potential in an urban setting. The ground floor restaurant, currently leased with a solid income stream, comes with spacious facilities catering to 42 covers, inclusive of essential restroom amenities. Above the restaurant, you’ll find two newly constructed one-bedroom apartments featuring an additional study/cot room and garden access, perfect for young couples or professionals. With a combined rental potential exceeding £16,500 per year from the apartments alone, this property is appealing to investors considering robust rental yields.
The location is ideal for families, with top-rated infant and junior schools nearby, alongside a plethora of local amenities like shops, healthcare, and dining options. Act quickly on this versatile property—opportunities like this, with such strong income potential and room for growth through future renovations, don’t come along often!
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