15 bedroom block of apartments for sale

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15 bedroom block of apartments for sale

St. Peters Place, Wallingford, OX10
£1,500,000

Price History

Initial price £1,700,000
07/11/24 £1,500,000
Price Change -11.76%

Description

This property is located in the heart of Wallingford, a historic market town on the River Thames, and offers a unique opportunity to invest in a mix of commercial and residential units. The ground floor features five commercial units, currently occupied by established businesses, which generate £13,520 per annum in rental income. The first floor has five 3-bed duplex maisonettes, let on ASTs, which generate £51,000 per annum. The property has a total floor area of approximately 6,738 sq ft and is situated on a 0.16-acre freehold site. With potential for further investment, the apartments and units could generate significantly higher returns, bringing rental yields in line with current market rates. The town offers a range of amenities, including independent shops, restaurants, and major chains, making it an attractive location for both businesses and residents.