Summary - POST OFFICE, 15, HIGH MAIN STREET KA6 7QN
1 bed 1 bath Commercial Property
Affordable freehold with strong historic yield and conversion potential.
Main-street frontage with street-level trading area
A compact, main-street retail unit with flexible ground and first-floor accommodation, offered for freehold sale by auction at a low guide price of £20,000. The ground floor provides a trading area with counter and shuttered external space; the upper floor contains a studio-style living area, kitchen and WC with separate rear street access. Previously let at £375 PCM, the property has historically produced very high rental returns and is likely to appeal to investors or an entrepreneur seeking an affordable town-centre base.
The building requires renovation and some damp issues have been recorded; these defects are reflected in the guide price. Services and fittings have not been tested, and the property is separately rated for each level (combined rateable value £3,950) so rates relief may be available. Buyers should allow for a Buyer’s Premium/auction fee when budgeting for purchase.
Practical advantages include main-street frontage, a small shuttered external area, separate access to the upper level, an attached garage and excellent mobile signal. Broadband is average and the town is located in a very deprived area with an ageing urban population, which may affect tenant demand and long-term footfall. There may be scope to convert the premises to residential use subject to necessary consents.
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