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2 bed terraced house
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Our Summary
- Excellent Mixed Use Investment Opportunity
- Residential Accommodation Requiring Refurbishment
- Strong Potential for Dual Income and Added Value
- Situated in a prime position on Stapleford High Street, this substantial mixed-use property offers an excellent opportunity for investors, developers or business owners looking for a commercial premises with spacious residential accommodation above and significant scope to add value
- There is also a ground floor WC, making the space well suited for continued catering use or a range of alternative commercial purposes, subject to any necessary permissions
- Above the commercial unit is a spacious two-storey flat offering a generous amount of accommodation and excellent potential for refurbishment, reconfiguration and improvement
- The residential accommodation is currently in need of modernisation throughout, providing a clear opportunity for a buyer to significantly enhance the property and potentially increase both its rental yield and capital value once works are completed
- The kitchen and bathroom would benefit from refurbishment, but both offer a practical footprint and good potential for modernisation
- To the second floor, there are two bedrooms, both of which require refurbishment but provide excellent scope to create comfortable residential accommodation
- The upper floor includes sloped ceilings and characterful proportions, offering further potential for buyers to redesign and improve the space to suit their requirements
- With its prominent high street location, flexible mixed-use layout and clear scope to improve significantly, this is a fantastic prospect for investors seeking a property with both short-term income and long-term growth potential
- The space is in good overall condition and offers a flexible layout suitable for continued catering/retail use or alternative business purposes, subject to any necessary consents
- The room requires refurbishment but offers excellent potential to create an impressive main living space
- The room would benefit from modernisation and could be used as a dining room, sitting room or additional living space depending on requirements
- The kitchen is in need of refurbishment but provides a good footprint for improvement
- The room requires refurbishment but offers good potential as part of the self-contained residential accommodation
- With scope for buyers to improve and reconfigure to suit their requirements
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Description
The property is a substantial mixed-use building with a ground floor commercial unit and a spacious two-storey flat above. The ground floor commercial space is a well-presented catering/retail unit with a large glazed frontage, seating space, display counters, and service counter. It has two catering kitchen/preparation areas, one with stainless steel work surfaces and a second with additional space for ovens and refrigeration.
The commercial space also includes a WC. Above the ground floor unit, the residential accommodation is a two-storey flat with a generously sized lounge with large windows, feature fireplace, and spacious layout. There is also a reception room, kitchen, bathroom, and two bedrooms on the second floor, each with characterful proportions and potential for redesign and improvement.
The property also has a paved courtyard area, off-road parking space, storage space, and gated access leading to the flat.