Map3 bedroom maisonette for sale
Key information
Features and description
- Tenure: Freehold
- Diversify your portfolio with this affordable, mixed use property, ideal for beginner commercial investors
- Mitigate risk with a ground floor commercial unit already tenanted by an established hairdressers business
- Generate immediate income from the existing tenant paying £500 per month
- Maximize your returns by refurbishing the 3 bedroom maisonette above and achieving an estimated £700 per month in rent
- Prime location on Vulcans Lane, a popular residential area with local amenities and Vulcan Park nearby
- Enjoy the flexibility of a property with both commercial and residential units, offering multiple income streams
- Add value through a modern makeover of the maisonette's bathroom and kitchen, increasing its rental potential
- Gain a solid foothold in the commercial property market with this affordable and manageable investment opportunity
- Secure a property with the potential for combined rental income of £1,200 per month following refurbishment
- Act now as this affordable, dual income property in a desirable location is expected to attract high demand
Got The Buy To Let Blues? Diversify your portfolio with this affordable, beginner-friendly mixed use investment. It combines a tenanted commercial unit with a flat above that’s ready for a little refurb, so you can eventually remortgage and recycle your funds.
With legislation and tax changes making it harder for Buy To Let landlords every day, switched-on investors see the value in spreading their risk with carefully chosen commercial property investments.
And this could be the ideal way to dip your toe into commercial property, with the added bonus of a three bedroom maisonette above that gives you the chance to buy, refurb and remortgage.
The ground floor unit is occupied by an established hairdressers business who pay £500pcm (excl utilities). It has the main “shop” at the front, a utility and a w/c at the rear, along with a small back yard. The total internal area of the ground floor unit is approx 67m2 / 716 ft2.
The flat above is a three bedroom maisonette, with a spacious lounge and three good size double bedrooms spread over the two upper floors.
It’s in decent decorative order but both the bathroom and kitchen could certainly do with a modern makeover, giving you the chance to add value then look at remortgaging.
You’ll need to speak to a specialist commercial mortgage broker as being mixed use it will fall outside the scope of a standard BTL mortgage - but should be simple stuff for an experienced broker and property specialist solicitor.
Once the flat was freshened up you should realistically expect to achieve around £700pcm in rent, meaning your initial £90k investment would bring in £1,200 per month in combined rent.
Vulcans Lane is a popular residential area, right next to Vulcan Park. Whilst the majority of neighbouring properties are residential there are a number of established local businesses (such as a barber and a convenience store) nearby.
This is an affordable way to spread your investment risk by buying a commercial property leased to an established trading business along with a three bedroom maisonette that’s likely to be popular with a wide range of tenants.
We’re expecting plenty of interest from savvy investors so call us to arrange a viewing.
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