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Investment property with multiple streams

Haslemere, GU27 - Get Access

3 bed 3 bath

Description

A rare opportunity to acquire a freehold mixed use investment on Wey Hill in Haslemere, comprising two commercial units, a one bedroom flat and a two bedroom flat, together with rear access and parking for four cars. The property benefits from multiple established income streams, offering diversification within a single freehold asset. The commercial units comprise 98 Wey Hill, let on a five-year lease from August 2022 at £12,000 per annum and 100 Wey Hill, recently let at £10,800 per annum. The one bedroom flat at 98a is let at £800 pcm and the two bedroom flat at 100a is let at £1,295 pcm, providing a combined current rental income of approximately £47,940 per annum. The property has benefited from recent improvements including a new roof and replacement windows to the flats. Situated in an established and popular part of Haslemere, Wey Hill provides a range of local shops and amenities, with the town also benefiting from strong commuter links and its proximity to the Surrey Hills. Offered by auction, the property represents an attractive opportunity for investors seeking an income-producing freehold asset with established tenants, multiple income streams, parking and potential for future rental growth.