Mansfield Road, Baldock, SG7 Residential development for sale

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Mansfield Road, Baldock, SG7 Residential development 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 in Baldock's Georgian High Street offers a unique investment opportunity. The ground floor is currently a 40-cover restaurant, but has potential to be converted into a flat, office, or other business, such as a coffee shop or craft beer venue, which would complement the existing businesses on the high street. The property also includes two apartments, a one-bedroom and a two-bedroom, which generate a rental income of £12,960 per year. With a purchase price of £350,000, the potential return on investment is 7.56%, making it an attractive option for investors.