Initial price	£485,000
27/06/24	£465,000
Price Change	-4.12%

This property in Runcorn High Street presents a compelling investment opportunity, offering a blend of retail and short-term accommodation spaces. The freehold property encompasses two retail units, each let on long leases, and a guest house with 12 bedrooms, including 10 en-suite rooms and two shared bathrooms, complete with communal kitchen, dining area, living room, and laundry facilities. The guest house, established for over 20 years, enjoys a reputation for its welcoming atmosphere, cleanliness, and competitive pricing, attracting a steady clientele, particularly contractors working in the area. The retail units are situated in a high footfall location on the High Street, ensuring visibility and potential for a steady income stream. Runcorn, situated within the Liverpool City Region, is undergoing significant regeneration, with a £25 million investment in 2019 and a further £23.6 million for the 'Reconnecting Runcorn' project in 2021, aiming to revitalize the town centre, enhance transport infrastructure, and boost the local economy, which is expected to increase demand for rental properties. This property generates a substantial 14.76% net yield, with a gross rent of £83,400 and a net income of £68,616, making it an attractive proposition for investors looking to capitalize on the area's growth and the property's strong income potential.