Compact mixed‑use freehold with parking and development upside for investors.
Ground‑floor retail unit approximately 750 sq ft with prominent street glazing
Self‑contained flat above let on short lease; reversionary value £50,000+
Freehold title with off‑street parking and small rear land strip
Potential for development or conversion subject to planning consents (STPP)
Recently refurbished flat with modern open‑plan kitchen and integrated appliances
Small plot and limited external space; rear area likely service access only
Area deprivation and above‑average local crime may affect yields and tenants
Slow broadband and average mobile signal could deter some occupiers
This compact mixed‑use freehold presents a clear income and uplift opportunity for investors. The ground‑floor retail unit offers prominent street glazing and approximately 750 sq ft of versatile space suitable for high‑street uses; the self‑contained flat above is let on a short lease with a reversionary value estimated at £50,000+. The property includes off‑street parking and a small strip of land to the rear that could support a double garage or modest development, subject to planning consent.
The residential element appears recently refurbished with a modern open‑plan kitchen/living space and integrated appliances, making immediate tenancy attractive. The shop is vacant, so an investor or owner‑occupier can reposition the retail unit quickly to capture local footfall and nearby amenities. Freehold tenure simplifies longer‑term redevelopment options.
Buyers should be aware of material drawbacks: the property sits in a deprived neighbourhood with above‑average crime statistics and slow broadband speeds, which may affect tenant profiles and rental levels. External space is limited and the plot is small, so any extension or conversion will require planning approvals and may be constrained. The current residential lease is short, which creates reversion potential but also short‑term income uncertainty.
Overall, this is a pragmatic buy‑to‑let or owner‑occupier investment for purchasers comfortable managing town‑centre risks in exchange for reversionary upside and development potential.
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