Summary - 14a, Market Place, ALFORD LN13 9EB
1 bed 1 bath Mixed Use
Fully let town-centre property with immediate income and clear reversion dates.
Fully let retail and upper flat producing £13,600pa total income
Estimated gross initial yield 11.82% on guide price of £115,000
Retail lease to named occupier expires 29.04.2029, no breaks
Upper parts let on AST until 08.11.2026 (£6,600pa)
Prominent Market Place pitch with high pedestrian footfall
Small plot and compact footprint may limit expansion
Local area classified as deprived; above-average crime levels
Tenure not specified in particulars — buyer to verify
This is a compact, high-yielding mixed-use investment occupying a prominent Market Place pitch in Alford. The building comprises a ground-floor retail unit and upper residential accommodation, producing a combined income of £13,600 per annum and showing an estimated gross initial yield of 11.82% on the guide price.
Income detail is straightforward: the retail unit is let to a named business on a five-year lease without breaks expiring 29 April 2029 (£7,000pa), while the upper parts are let on an Assured Shorthold Tenancy to a private individual until 8 November 2026 (£6,600pa). The property totals approximately 1,474 sq ft and benefits from very low flood risk, excellent mobile signal and fast broadband.
Practical considerations are clear. The plot is small and the wider area is classified as deprived with above-average local crime rates, which may affect different occupier types. Tenure is not specified in the particulars. The property sits within the town’s principal retail amenity close to national and local occupiers, supporting footfall and tenant demand.
For an investor seeking immediate income and a prominent town-centre location, this let property offers predictable cashflow and potential to regear leases on expiry. Buyers should factor in local socio-economic challenges, small plot size, and the stated lease expiry dates when assessing medium-term re-letting or value-add opportunities.
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