Summary - High Street, ST10 ST10 4DY
4 bed 1 bath Commercial Property
Prominent Victorian mixed-use freehold with 8% yield and six parking spaces.
Freehold mixed-use building on High Street, Tean
A prominent Victorian mixed-use freehold on Tean High Street, offered as a long-term income investment. The property comprises two ground-floor retail units and two two-bedroom duplex apartments, producing a total annual income of £27,600 (quoted 8% yield) and comes with six off-street parking spaces.
Both retail units are externally let (Village Bakehouse from May 2023 at £6,000pa with a mutual break April 2026; Moorlands Beauty from September 2022 at £6,000pa with a mutual break September 2025). The two apartments are AST lets at £650pcm each, providing secure immediate rental income.
Key advantages include strong High Street position, large overall size (approx. 3,577 sq ft), freehold tenure and good local amenity catchment including schools, shops and transport links to the A50/M6. Notable risks are the mutual break clauses on the commercial leases, medium flood risk to the area, a single shared bathroom count for four bedrooms overall, and changing tenant turnover typical of retail units. The seller states all trade inventory is owned by tenants.
This property suits an investor seeking an established, income-producing freehold in a very affluent, small-town location with potential to enhance rents or relet space subject to lease expiries and tenant decisions. Buyers should factor lease break dates, flood insurance costs and any refurbishment or compliance work into acquisition plans.
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