£210,000
Property for salePlungington Road, Preston PR1
EPC Rating: E
About this property
Prime Location: Situated on popular Plungington Road, near the University and Preston city centre.
Mixed-Use Property: Includes a ground floor commercial unit and a two-bedroom residential flat above.
Renovated Commercial Unit: Currently trading as Mom’s Kitchen Sandwich Bar, fitted to a high standard.
Commercial Layout: Includes shop front, service counter, kitchen, storage rooms, W/C, and rear access.
Separate Residential Access: Flat accessed via its own front door and internal staircase.
Refurbishment Opportunity: Flat requires modernisation, offering potential to add value.
Existing Rental Income: Flat is tenanted on a rolling contract at £650/month.
Commercial unit rental potential income £700-£800 a month
Potential Rental Yield 8.29%
High-Demand Area: Excellent transport links and amenities make it ideal for investors
Mixed-Use Commercial Property with Residential Flat – For Sale on Plungington Road, Preston PR1
An excellent opportunity awaits to acquire a mixed-use investment property on the ever-popular Plungington Road in Preston. Its prime location near the University and city centre makes this property ideal for both investors and owner-occupiers.
The ground floor is a fully renovated commercial unit, home to the well-established takeaway business, Mom’s Kitchen Sandwich Bar. This space has been finished to a high standard, featuring a welcoming shop front with a service counter and a fully equipped kitchen. It also includes a separate storage area with a sink, a back storage room, a W/C, and side access.
A separate front entrance leads to the spacious two-bedroom flat above. A staircase takes you directly to the flat, which comprises a bathroom, two double bedrooms, a reception room, and a separate kitchen. The flat is generously sized and well-laid-out, but it does require renovation and modernization, offering an ideal opportunity for buyers to add significant value.
This property is a dual-income investment with strong immediate returns. The tenanted flat provides a reliable monthly rental income of £650. Combined with the commercial unit, the total gross yield reaches approximately £17,400 per annum, providing investors with substantial income from day one.
Furthermore, there is a clear opportunity to increase returns through refurbishment. Strategic updates could significantly improve the rental value of both the residential and commercial units, maximizing your long-term profit.
This is a rare chance to purchase a mixed-use property in a high-demand area with excellent transport links and amenities. Early viewing is highly recommended to fully appreciate the potential on offer.
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