£535,000 /Sale price

An exceptional investment opportunity awaits in the heart of Shifnal town centre with this impressive Grade II Listed building, known as The Gallery. This unique property presents a rare chance to acquire a fully let-out asset, offering a substantial approximate yield of 7.8%. It perfectly aligns with the discerning investor's portfolio, promising consistent returns and long-term value within a vibrant community setting. Mannleys, with our expert local knowledge and full-service support, is delighted to present this distinctive offering.This substantial building comprises a versatile mix of residential and commercial spaces, meticulously maintained and currently generating a robust income. The ground floor hosts a commercial shop, complete with its own WC facilities, benefiting from a prominent high street location that ensures excellent footfall and visibility. This commercial unit forms a crucial part of the property's attractive income stream, contributing to its overall investment appeal. The blend of commercial and residential elements underscores the property's diverse income potential and resilience.Ascending to the upper floors, the property reveals four individual, spacious apartments, each thoughtfully designed to maximise comfort and appeal to tenants. These residential units are fully let, providing immediate and reliable rental income. The configuration includes a two/three bedroom 3 storey apartment/house, two generous two-bedroom apartments, ideal for couples or small families seeking comfortable living in a central location. Additionally, there is a charming one-bedroom house that features private garden, perfect for single occupants or young professionals. Each apartment offers a welcoming living environment, contributing to the property's strong tenant retention and desirability. The collective rental income from these units, combined with the commercial space, totals approximately £39,000 per annum, making this a truly compelling proposition for investors seeking a high-performing asset.The external presentation of this Grade II Listed building reflects its historical significance and architectural charm, contributing positively to the aesthetic of Shifnal's high street.. The property's location directly on the high street ensures excellent accessibility for both residents and commercial patrons, with local amenities, transport links, and community facilities all within easy reach.Shifnal itself is a highly desirable market town, known for its blend of traditional charm and modern conveniences. It offers a welcoming community atmosphere, excellent local schools, independent shops, and a variety of eateries. The town benefits from superb transport links, including a railway station providing direct services to Wolverhampton and Birmingham, and easy access to the M54 motorway, connecting to the wider national network. This strategic location enhances the appeal of the residential units to tenants and ensures continued demand for the commercial space. Investing in Shifnal means investing in a thriving locale with a strong sense of community and ongoing growth. Mannleys provides trusted advice and exceptional service, guiding you through every step of this significant investment opportunity.