An excellent opportunity to acquire a substantial mixed-use property, prominently situated in the heart of St Peter Port. Offered as a fully let investment, the property benefits from an established commercial business in-situ, alongside a long-standing residential tenant, providing an attractive and immediate rental income stream.

The commercial accommodation is arranged over the lower floors and comprises a sports bar on the ground floor, featuring an open-plan layout and large display windows, together with a barber shop and waiting area on the first floor. Ladies' and gentlemen's WC facilities are situated on the third floor.

The residential accommodation comprises a spacious three-bedroom flat, arranged over three floors and benefitting from its own private access via Tower Hill Steps. Currently let to a long-standing tenant, the accommodation includes a generous sitting/dining room, kitchen, double bedroom, bathroom and two additional attic bedrooms.

Further enhancing the property's appeal is a large store room situated to the rear of the building. This space can be accessed internally from the first floor of the commercial premises or independently via a separate rear entrance. Offering exciting scope for future enhancement, the store room has potential for conversion into an additional residential unit, subject to obtaining the necessary planning permissions.

The property currently generates a combined rental income of £58,667.52 per annum, equating to an attractive gross yield of 9.03%. The commercial accommodation is held on a six-year lease, incorporating a break clause in 2027, whilst the residential flat is also subject to a six-year lease. Both leases benefit from annual RPI-linked rental increases, providing the potential for ongoing rental growth.

A sizeable and versatile mixed-use investment in a prime St Peter Port location, offering established rental income from day one, secure existing tenancies and exciting potential to develop.