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2 bedroom detached house for sale
High St, Binbrook LN8
£100,000
High St, Binbrook LN8
£100,000
Our Summary
- Prime Property Auctions is excited to present a spacious mixed use opportunity in Binbrook, Market Rasen with a guide price of £110,000*Malabar, High Street, Binbrook, Market Rasen, LN8 6BH, previously sold for £175,000 in 2023, Wesley Mount, High Street Binbrook, Market Rasen, LN8 6BHpreviously sold for £140,00 in 2019 *Exceptional investment opportunity for a shrewd investor, Hugely discounted refurbishment opportunity with potential for development into multiple units subject to necessary planning permission
- Potential to split into 2 separate units and for further development on the land to the rear of the property
- Commercial Unit - previously operating as a Spar Store, spacious 30sqmt space with potential to be converted into large living space or revived for commercial use
- Visualise the space with a 3D tour of the property:Property is due to go to auction for our upcoming timed online event
- Property is discounted to ensure an auction sale
- * Great opportunity to add value*Sure to appeal to shrewd investors looking for a great investment opportunity
Description
This property in Binbrook, Market Rasen, is a unique mixed-use opportunity with a guide price of £110,000. The property consists of a commercial unit, previously a Spar store, and a two-bedroom residential apartment above. The commercial space is 30 square meters and has potential to be converted into a large living space or revived for commercial use. The residential unit has a kitchen, dining, and living area, one bathroom, and a garage. The property is located in the sought-after village of Binbrook, with a short commute to Louth, Lincoln, and Grimsby. With a potential annual income of £13,200-£14,400, this property offers a fantastic gross yield of 12-13% for a shrewd investor. The property is discounted to ensure an auction sale, making it a great opportunity to add value.