An excellent investment opportunity to acquire a mixed-use commercial and residential property, held under a single title and currently producing a strong and reliable income stream.
Commercial Unit
The ground floor comprises a well-presented commercial unit operating as a gents barbers, let on a 5-year lease with approximately 2 years remaining. The current rental income is £10,000 per annum, with a tenant break clause at year three and an upcoming rent review, offering clear potential to increase the rent to £12,000 per annum. The commercial accommodation includes a main shop front measuring 13'8 x 11'3, leading through to a second treatment room at the rear measuring 11'10 x 9'4. Additional facilities include a kitchenette, WC, and storage space with plumbing for a washing machine. A rear door provides access to a small private courtyard.
Apartment
The self-contained one-bedroom apartment is accessed via its own private entrance off the communal hallway. Internally, the property is well laid out, comprising an entrance hallway with useful storage cupboard, with stairs rising to the first floor. The accommodation includes a double bedroom, a spacious lounge/diner, a modern separate kitchen fitted with a range of eye and base level units, worktops to two sides, inset sink, and a four-ring electric hob. There is also a contemporary shower room featuring a double shower, low-level WC, and wash hand basin. The apartment is currently let at £1,100 per calendar month, providing a strong supplementary income to the commercial lease.
Investment
Overall, the property generates an attractive yield of approximately 7.7%, with the potential to increase to 8.4% subject to a successful rent review on the commercial unit. This represents a compelling opportunity for investors seeking a mixed-use asset with immediate income and future growth potential.
Material Information
The home is Freehold: Council Tax Band for apartment: A (£1,809.12 for the year 2026/27) Please note that this fee is correct at the time of publication but is subject to change.
