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9 South Street, Manningtree 5 bed block of apartments for sale
9 South Street, Manningtree
£500,000
9 South Street, Manningtree
£500,000
Our Summary
- The property also benefits from a large cellar beneath the building, offering additional storage space for tenants or the potential for other uses (subject to any necessary permissions)
- There may also be scope to increase revenues (e
- Manningtree’s convenience is a big draw: the town of Colchester, the coastal port of Harwich, and Ipswich are all within about a 20-minute drive, expanding the pool of potential tenants and visitors
- There may be potential (subject to planning and conservation approvals) to convert or better utilize this space in future – or simply use it for tenants’ storage to make the flats more appealing
- In summary, this property presents an exceptional investment opportunity: a fully-tenanted, characterful building in a thriving small town location, with a healthy rental yield and room for growth
Description
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Here is a summary of the property description in a single paragraph:
A rare opportunity to acquire a fully-let Grade II listed period property in the heart of Manningtree, Essex, comprising three self-contained flats. The property, originally a 19th-century butcher's shop, retains period features and offers immediate rental income with a strong gross yield of approximately 6.7%. The three flats, one on each floor, are currently let to long-term tenants and generate a total gross rental income of around £34,200 per annum. The property benefits from a large cellar and is situated in a highly desirable location, known for its quaint charm and strong rental demand. With its unique heritage appeal and limited supply of similar properties, this investment offers a solid return and potential for long-term capital appreciation.