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Our Summary
- Existing derelict bungalow offering development potential (STP)
- Fully let High Street commercial investment in the heart of Downham Market generating £23,400 per annum, with four self-contained units and additional rear land offering residential development potential (STP)
- 17/19 High Street, Downham Market - Paul Hubbard Commercial are delighted to present a fantastic investment opportunity comprising 4x separate commercial units
- 06 acres), including a derelict bungalow offering clear development potential subject to planning
- 06 acres), incorporating a derelict bungalow
- This element of the property presents an opportunity for residential redevelopment or conversion, subject to obtaining the necessary planning consents, providing further revenue potential alongside the established rental income
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Description
The property is a commercial investment located at 17/19 High Street in Downham Market, consisting of four self-contained units totaling approximately 2,569 sq ft of floor area. The four units are presently occupied by separate tenants and identified as: 17 High Street (online business) with 1,089 sq ft, 17a High Street (takeaway) with 305 sq ft, 17b High Street (barber) with 341 sq ft, and 19a High Street (estate agent) with 834 sq ft. Additionally, the rear of the property contains approximately 2,750 sq ft of land, where a derelict bungalow is situated, offering residential redevelopment or conversion opportunities subject to obtaining planning consents.