14 St. Lukes Rd 1,625 sq ft Vacant Retail Property Hexham NE46 2BB £180,000 (£110.77/sq ft) 11.10% Net Initial Yield

This is a rare opportunity to acquire a fully renovated freehold mixed-use investment in the sought-after market town of Hexham. The property comprises a ground-floor commercial unit, trading successfully as a serviced laundry and dry-cleaning business for approximately 15 years, alongside a spacious three-bedroom maisonette arranged over two floors above. The commercial element is income-producing, while the residential accommodation is offered with vacant possession, allowing for owner-occupation or additional rental income. The building has benefitted from significant recent capital expenditure, including a new roof, windows, and boiler, reducing near-term maintenance risk. With a potential combined income of approximately £20,000 per annum, allocated parking, garage, and attractive countryside views, the asset offers a compelling high-yield mixed-use investment with future growth potentia