Mansfield Road, Baldock, SG7 3 bed house for sale

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Mansfield Road, Baldock, SG7 3 bed house for sale

Mansfield Road, Baldock, SG7
£350,000

Our Summary

  • The ground floor has potential to convert to a flat or could be used as an office, restaurant, coffee shop or craft beer
  • The potential return of investment is 7

Description

This three-storey freehold detached property is located in the heart of Baldock, just off the charming Georgian High Street. The building currently features a one-bedroom and a two-bedroom apartment, as well as a vacant 40-cover restaurant on the ground floor. The ground floor has potential for conversion into a flat or could be used as an office, restaurant, coffee shop, or craft beer, complementing the existing businesses on the high street. The property generates a rental income of £12,960 from the flats and has a historical rental income of £13,500 per year from the restaurant, offering a potential return on investment of 7.56% with a purchase price of £350,000.