This property is a unique opportunity for seasoned investors, developers, and portfolio builders. The building has a striking red-brick façade and a prime corner position with strong footfall, making it a trophy asset. It is already income-producing, with a 7-year lease on the ground floor and basement to an established operator, generating £40,000 per annum plus VAT. The upper floors are five self-contained flats, currently let at £675 per month, bringing in an additional £40,500 per annum. The titles for the flats and commercial elements have been split, and the management company is set up, reducing future legwork. The building also has potential for reconfiguration into a 10-studio student scheme, with projected annual income of £81,600, combined with the commercial rent, bringing the total projected income to £122,000 per annum. With a vendor-estimated refurbishment spend of £80,000-£85,000, this represents an attractive yield-on-cost for the right operator.