4 Bedroom Other

This freehold property on Northfield Avenue represents an excellent opportunity to acquire a substantial investment currently generating £75,000 per annum in rental income. Benefitting from approximately 20% commercial and 80% residential revenue, the property provides a balanced income stream with diversified risk. Its location on a bustling thoroughfare ensures a steady demand for both commercial and residential tenancies, bolstering the stability and appeal of the investment.

Although planning permission was granted in 2010, the proposed works were not initiated, leaving scope for a new scheme to be developed, subject to the necessary consents. This development potential creates an attractive prospect for investors or developers looking to enhance rental yield and capital value through redevelopment or reconfiguration. The existing layout, combined with the property’s prime position, offers an ideal platform for maximising returns.

Occupying a prominent location, the property is well-served by excellent transport links, facilitating swift connections to other parts of the city and increasing its desirability for tenants. Nearby amenities

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such as shops, cafés, and essential services

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further contribute to the property’s appeal among both commercial and residential occupiers. The strong local demand for quality accommodation also underpins the property’s long-term rental prospects.

In summary, this freehold investment on Northfield Avenue offers robust current income, diversified revenue streams, and the potential for future development. With its solid fundamentals, prime location, and significant upside, it is poised to offer stability and growth to investors seeking to enhance their portfolio.