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26 bedroom flat for sale
Whitehall Court Flats , Retford, Nottinghamshire, DN22 6JQ
£350,000
Whitehall Court Flats , Retford, Nottinghamshire, DN22 6JQ
£350,000
Our Summary
- The property dates from the 1970s and includes 6 ground floor, 6 first floor and 2 second floor apartments, requiring varying degrees of upgrading
Description
This purpose-built block of 14 flats, located in a level cul-de-sac plot in Retford, is a short distance from the town center and railway station. The property, dating from the 1970s, consists of 6 three-bedroom and 8 one-bedroom apartments over three floors, with 11 of the 14 flats currently let on Assured Shorthold tenancies, generating an annual income of £55,740. While the property requires varying degrees of upgrading, there is potential to carry out refurbishment work to achieve an income in excess of £70,000 per annum. Retford is a popular market town with good access to regional centers, including Lincoln, Worksop, Rotherham, and Gainsborough, making this a potentially lucrative investment opportunity.