An excellent opportunity to acquire a mixed-use freehold investment comprising two commercial units, a spacious one-bedroom residential flat and the freehold interest in a second-floor flat, generating a combined annual rental income of £38,150. The sellers will also consider a company share sale, presenting an opportunity for purchasers to benefit from a potentially significant Stamp Duty saving, subject to specialist legal and tax advice.
Phillip Shaw are delighted to present this exciting mixed-use investment opportunity, ideally situated on Kenton Road, within a well-established commercial and residential location.
The property comprises two ground-floor commercial units, each extending to approximately 450 sq. ft. Unit 1 is currently occupied by a beauty parlour, whilst Unit 2 operates as a nail salon. Both commercial premises are let on 10-year leases, each generating an annual rental income of £12,000, providing a combined commercial income of £24,000 per annum.
The residential accommodation comprises a spacious one-bedroom flat, featuring a generously proportioned living area, separate fitted kitchen, double bedroom and bathroom. The flat is currently let, achieving £1,175 per calendar month, equivalent to £14,100 per annum.
A further attractive feature of this investment is the freehold interest in the second-floor flat, which is subject to an existing lease with fewer than 60 years remaining currently generates an annual ground rent of £50. This presents potential for additional value through a future lease extension, subject to the relevant statutory provisions and professional advice.
The entire freehold is held under one title and owned by a limited company. The sellers will consider a sale of the company shares, which could offer purchasers a significant Stamp Duty saving compared to a conventional property purchase. Specialist legal and tax advice is recommended.
The property currently generates a combined rental income of £38,150 per annum, excluding any premiums attributable to the second-floor leasehold interest.
Conveniently positioned along Kenton Road, the property benefits from an established trading location with access to local amenities, transport connections and surrounding residential neighbourhoods.
This is an appealing opportunity for investors seeking an established income-producing asset with a combination of commercial and residential accommodation, together with potential for future capital appreciation.
Accommodation & Rental Breakdown
Commercial Unit 1 - Approx 450 sqft. Annual Rent: £1200
Commercial Unit 2 - Approx 450 sqft. Annual Rent: £1200
First Floor Flat - Approx 526 sqft. Annual Rent: £14,100
Second Floor Flat - Ground Rent. £100 Per Annum (Under 60 Years Lease Remaining)
Total Income: £38,150 Per Annum
Property Ref: A9781D7F-F96C-4F93-8363-83474DB7A85F
