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Property
Silver Street, Kettering NN16
£599,995
Silver Street, Kettering NN16
£599,995
Our Summary
- An exciting freehold investment opportunity has become available on Silver Street in the heart of Kettering town centre, comprising a popular and well-established coffee house, and three self-contained residential apartments above
- Offered for sale with the freehold interest, this property is a rare opportunity to acquire a fully let or nearly fully let mixed-use investment with immediate returns and long-term capital growth potential
Description
This freehold property on Silver Street in Kettering town centre offers a unique investment opportunity, combining a thriving coffee house with three self-contained residential apartments. The ground floor retail unit is home to Mugs Coffee House, which is set to sign a new 20-year lease, generating a reliable rental income of £20,000 per annum. The three apartments above are currently let, with a combined annual rental income of approximately £30,000, presenting a total gross income of £50,000 per annum. The property benefits from its central location, high footfall, and strong local demand, offering stability and resilience through its diversified income streams. With a long-term tenant in place and additional income potential from the third apartment, this property presents a rare opportunity for investors seeking a secure and lucrative investment with minimal management involvement.