x
By using this website, you agree to our use of cookies to enhance your experience.

TODAY'S OTHER NEWS

Why investors should consider mixed-use developments

Mixed-use developments have the potential to provide financial security and make any investor’s property portfolio more diverse, a property firm has claimed.

Despite being one of the most overlooked types of properties, mixed-use developments have the potential to provide high returns as these increase in value over time.

What are mixed-use developments?

Advertisement

When properties are designed for multiple purposes and are comprised of two or more types of real estate, they are described as “mixed-use”.

Different uses include but are not limited to shops, restaurants, takeaways, cafes, pubs, banks, legal practices, estate agencies, and more.

Property director for London City Auctions, Chris March, explains: “There are numerous advantages to investing in mixed-use properties. From high rental value, multiple income streams, and low vacancy rates, these are solid investments.”

Mixed-use developments on offer

London City Auctions have two properties on offer at their next auction. The first is a freehold mixed-use property located in Rhyl, Wales. 

This property is described as being in an excellent location as it sits opposite a busy town centre, meaning it is likely to attract business from local shops and beach visitors. A potential rental income of £18,00 a year could be made and the current guide price is £200,000.

The second mixed-use property that is on offer is based in Worcestershire. This freehold investment opportunity is located in Evesham town centre and has a potential rental income of £12,960 a year.

Chris March concludes: “By converting unused space above into residential accommodation, you add value to the property whilst retaining its retail value and can source multiple income streams.” 

icon

Please login to comment

MovePal MovePal MovePal
sign up