Market Corner, Leamington Spa 7 bed property for sale

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Market Corner, Leamington Spa 7 bed property for sale

Market Corner, Leamington Spa
£325,000

Our Summary

  • PRICE GUIDE £325,000 TO £350,000Exciting Mixed-Use Investment Opportunity – Market CornerA well-located mixed-use property offering strong income with excellent value-add potential
  • While the property generates immediate income, there is significant scope to increase gross yield through refurbishment of the flats
  • Refurbishment offers potential for increased rental income
  • Exciting Freehold mixed use investment opportunity

Description

This mixed-use property in Market Corner offers a unique investment opportunity with strong income and potential for value-add. The property comprises a ground-floor takeaway unit and two self-contained residential flats above, generating immediate income. The takeaway unit is let on a 15-year lease, while the flats are let on ASTs. The property benefits from a prime location, with excellent transport links, including a short walk to the mainline station and proximity to the M40 and M42 motorways. The area is popular with homeowners, students, and renters, driven by nearby employment opportunities and education institutions, including Warwick University. The property has potential for increased rental income through refurbishment of the flats, which could boost the gross yield. With a current rental income of £22,080 per annum, the anticipated post-renovation income could reach £33,500 per annum, making this a rare and exciting investment opportunity.