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29 Glenfield Road Investment 29 Glenfield Rd 536 sq ft 100% Let Retail Property Nelson BB9 8AP £95,000 (£177.24/sq ft) 8.75% Net Initial Yield

Investment Highlights
- Mixed-use retail and residential investment
- Close to Nelson town centre and local amenities
- Self-contained first floor flat with attic bedroom
Executive Summary
Mixed-use investment property comprising a ground floor retail shop with a self-contained first floor flat and attic bedroom. The property produces £8,312 per annum and is located within a popular residential area of Nelson.
The shop provides a frontal sales area with rear prep and storage space together with an external WC. The residential accommodation is accessed from the rear and comprises a living room, single bedroom, kitchen and bathroom on the first floor with a further attic bedroom.
Both units are currently let on informal tenancies with long-standing occupiers. The residential tenant has been in occupation since 2017 and the shop tenant since 2020.
The property benefits from separate metering for utilities and a small rear yard.
This represents an affordable mixed-use investment opportunity offering stable income within a well-established residential location close to Nelson town centre and local amenities.
The shop provides a frontal sales area with rear prep and storage space together with an external WC. The residential accommodation is accessed from the rear and comprises a living room, single bedroom, kitchen and bathroom on the first floor with a further attic bedroom.
Both units are currently let on informal tenancies with long-standing occupiers. The residential tenant has been in occupation since 2017 and the shop tenant since 2020.
The property benefits from separate metering for utilities and a small rear yard.
This represents an affordable mixed-use investment opportunity offering stable income within a well-established residential location close to Nelson town centre and local amenities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Local Shop
Property Size
536 sq ft
Costar Property Class
B
Year Built
1960
Price
£95,000
Price per sq ft
£177.24
Yield
8.75%
NOI
£8,313
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.62
Total Plot Size
0.02 ac
Parking
1 Spaces (1.87 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- Smoke Detector
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Nearby Major Retailers
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29 Glenfield Road Investment | 29 Glenfield Rd
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