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Our Summary
- Development potential to create two residential units (STPP)
- Potential for future rental growth
- An exciting opportunity to acquire a well-positioned mixed-use freehold property in the heart of Burgess Hill, offering stable income with clear potential for future growth
- Investment Potential
- Current combined rental income: £40,800 per annum, with scope for uplift in both residential and commercial rents upon review, aligning with current market rates
- Previously granted planning permission (now lapsed) to split and extend the existing maisonette to create two self-contained maisonettes
- This property is well-suited to buy-to-hold investors looking for a strong yielding asset with long-term development potential in a desirable Sussex town
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Description
This mixed-use freehold property in Burgess Hill offers a stable income stream with potential for future growth. The property comprises a ground floor commercial unit, let to a long-standing tenant on a Full Repairing and Insuring lease, generating £25,000 per annum, and a spacious split-level residential maisonette, let on an Assured Shorthold Tenancy, producing £15,800 per annum. The property benefits from a strong footfall location and has recently undergone energy-efficient improvements, including the installation of an air source heat pump system.
With scope for rent uplift and potential for development, this property presents a valuable investment opportunity for buy-to-hold investors seeking a strong yielding asset with long-term potential in a desirable Sussex town.