Property Summary
This impressive mid-20th century mixed-use property presents an exceptional investment opportunity, offering a combination of commercial and residential spaces that generate diverse income streams and provide long-term value. The property is arranged over lower ground, ground, and three upper floors, comprising three fully tenanted retail units on the ground floor, with long leasehold residential units above and to the rear.
Located in a prominent position on Wey Hill, a bustling commercial and residential area in Haslemere, the property benefits from excellent footfall, surrounded by cafés, restaurants, supermarkets, and other local amenities. The retail units are well-established, with reliable tenants contributing to a steady income stream. The current contractual income from these units is £39,000 per annum, which will be topped up by the landlord to £41,700.
Haslemere continues to experience strong local demand for both commercial and residential properties, ensuring the long-term appeal of this investment. The property is also ideally located just 0.5 km from Haslemere Train Station, providing direct services to London Waterloo in approximately 50 minutes. Additionally, it is only 3.6 km from the A3, offering easy access to the M25, M3, and beyond.
The property has benefited from ongoing maintenance and upgrades, including recent exterior redecoration and refurbishments to the communal areas, ensuring its upkeep and enhancing its overall appeal. With its mix of residential and commercial spaces, this property offers a solid potential for consistent rental income and long-term value growth.
This mixed-use development presents an exciting opportunity for investors seeking a property in a thriving location with diverse income potential.
The property benefits from mains -connected utilities, including water, drainage, gas, and electricity.
No warranties are provided regarding the condition or suitability of these services; however, based on our inspection, all services appeared to be operational.
The investment opportunity is offered to the market seeking offers in excess of £695,000, subject to contract, on a new 999-year head lease subject to the subsisting tenancies.
This reflects a highly attractive Net Initial Yield (NIY) of 6.00% on the contracted income.
Pre-auction sales are invited.
The Property is sold on an unconditional basis, purchasers considering alternative uses or even development are deemed to rely upon their own enquiries.
Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation.
