Freehold Investment Opportunity – Prime Church Gate Location
Offers Invited – Mixed-Use Freehold with Excellent Yield Potential (Approx. 9.26%)
An exciting opportunity to acquire a mixed-use freehold property in a prominent position on Church Gate, comprising a ground floor commercial unit with an established tenant and a first-floor one-bedroom flat offered with vacant possession.
Commercial Unit – Income Producing (£20,000 p.a.)
The ground floor is currently occupied by a long-standing local business, generating an annual rental income of £20,000. The unit boasts an attractive dual-aspect glass frontage, ideal for retail visibility, and comprises:
Main retail showroom
Separate display gallery with additional gallery space
Extended rear workshop with access to private off-street parking
Framing room currently in use by the tenant
This well-configured layout makes the space suitable for continued retail use or potential future reconfiguration (subject to planning and lease terms).
Residential Flat – Vacant Possession (Previously Let at £725 pcm) May suit professional landlord or owner occupier achieving an income and a secure bolt hole in town.
Accessed via a private entrance at the rear, the first-floor flat offers:
Entrance lobby and hallway
Kitchen with fitted units
Living area with feature fireplace
Spacious double bedroom
Three-piece bathroom suite
Previously achieving a rental income of £725 per calendar month, the flat offers scope for owner-occupation or continued investment use.
Total Gross Annual Income: £28,700 | Yield: 9.26% (Based on Previous Rent)
Additional Information:
The sale includes the freehold interest including the commercial and first-floor residential unit with vacant posession. The freehold title also includes the second-floor flat, which is held as a separate leasehold interest and has easements and ground rent/ service charge TBC plus maintenance obligations. Buyers are advised that responsibilities for management and freeholder obligations relating to the second-floor leasehold flat will be transferred upon sale.
As residential agents, we are not able to advise on commercial lease terms. Interested parties must undertake their own due diligence regarding the commercial tenancy and freeholder responsibilities. Further documentation is available upon request. We recommend all buyers seek independent legal advice to fully understand the obligations associated with owning the freehold and any leasehold arrangements within the building.
NOTICE: We are still awaiting leasehold details for the flat.
Council Tax Band A
