£300,000
(£116.78/sq. ft)
Property for saleHigh Street, Downham Market PE38
2,569 sq. ft
About this property
Fully let mixed-use commercial investment
Total rental income of £23,400 per annum
Four self-contained commercial units
Prominent High Street position in the centre of Downham Market
7.8% gross yield at the £300,000 asking price
Total commercial floor area of approximately 2,569 sq ft
Diverse tenant mix including estate agent, barber, takeaway and online business
Rear land extending to approx. 0.06 acres (2,750 sq ft)
Existing derelict bungalow offering development potential (STP)
Excellent transport links including mainline rail services to Cambridge and London King’s Cross
17/19 High Street, Downham Market
Paul Hubbard Commercial are delighted to present a fantastic investment opportunity comprising 4x separate commercial units.
An excellent mixed-use commercial investment occupying a prominent High Street position in the centre of Downham Market, the property comprises four self-contained and fully tenanted commercial units, together with additional rear land extending to approximately 2,750 sq ft (0.06 acres), including a derelict bungalow offering clear development potential subject to planning.
The investment currently produces a total rental income of £1,950 per calendar month, equating to £23,400 per annum. At the asking price of £300,000, this reflects a gross yield of 7.8%. The income is split across four separate occupiers.
The accommodation is arranged as follows:
17 High Street (Online Business)
Ground Floor – 622 sq ft
First Floor – 468 sq ft
Total – 1,089 sq ft (101.2 sq m)
Rent – £300 pcm
Rateable Value – £3,050
EPC Rating – D
17a High Street (Takeaway)
Ground Floor – 305 sq ft (28.3 sq m)
Rent – £500 pcm
Rateable Value – £4,400
EPC Rating – E
17b High Street (Barber)
Ground Floor – 341 sq ft (31.7 sq m)
Rent – £500 pcm
Rateable Value – £5,300
EPC Rating – D
19a High Street (Estate Agent)
Ground Floor – 834 sq ft (77.5 sq m)
Rent – £650 pcm
Rateable Value – £8,400
EPC Rating – C
The total commercial floor area across all four units amounts to approximately 2,569 sq ft (238.7 sq m).
To the rear of the property lies additional land extending to approximately 2,750 sq ft (0.06 acres), incorporating a derelict bungalow. This element of the property presents an opportunity for residential redevelopment or conversion, subject to obtaining the necessary planning consents, providing further revenue potential alongside the established rental income.
All units have commercial leases in place until 2028, other than 19a which doesn’t currently have a lease in place.
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