Studio flat for sale

An exciting opportunity to acquire a well-positioned mixed-use freehold property in the heart of Burgess Hill, offering stable income with clear potential for future growth.This attractive and substantial property comprises a ground floor commercial unit and a spacious split-level residential maisonette across the first and second floors.Commercial UnitLet to a long-standing tenant on a Full Repairing and Insuring (FRI) lease, generating £25,000 per annum.The current lease has 2 years remaining, and we understand the tenant is keen to remain in situ, providing security for investors.Strong footfall location with easy access and visibility, supporting long-term rental viability.Residential MaisonetteA generous two-storey maisonette currently let on an Assured Shorthold Tenancy (AST), producing £15,800 per annum.Recently benefited from a council-funded grant, resulting in the installation of an air source heat pump system and ‘dry lining’ insulation works to the second floor — enhancing energy efficiency and future appeal.Investment PotentialCurrent combined rental income: £40,800 per annum, with scope for uplift in both residential and commercial rents upon review, aligning with current market rates.Previously granted planning permission (now lapsed) to split and extend the existing maisonette to create two self-contained maisonettes. This presents a valuable development angle for investors seeking to enhance rental yield and capital value.This property is well-suited to buy-to-hold investors looking for a strong yielding asset with long-term development potential in a desirable Sussex town.Viewing strictly by appointment.
EPC Rating: E