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2 bedroom detached house for sale
High Street, Binbrook, Market Rasen, LN8 6BH
£100,000
High Street, Binbrook, Market Rasen, LN8 6BH
£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 6BH previously 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
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Here is a summary of the property description in a single paragraph:
A mixed-use property in Binbrook, Market Rasen is being auctioned off with a guide price of £110,000. The property, previously sold for £175,000 in 2023, offers a spacious commercial unit and a two-bedroom residential apartment. The commercial unit, formerly a Spar store, has 30 square meters of space and potential for conversion 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 with private driveway access. The property has been discounted to ensure an auction sale, providing a great opportunity for shrewd investors to add value. With a potential annual income of £13,200-£14,400 and a gross yield of 12-13%, this property is sure to appeal to investors looking for a large commercial lot with living quarters.