Victoria Road, Mablethorpe LN12 5 bed block of apartments for sale

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Victoria Road, Mablethorpe LN12 5 bed block of apartments for sale

Victoria Road, Mablethorpe LN12
£230,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This property portfolio in Mablethorpe consists of two apartment flats, one with two bedrooms and one with three, as well as two commercial units, including a storage unit and a charity-operated space. The properties are currently generating a steady annual gross income of £26,400, which has the potential to increase to £34,800 with the new owner negotiating a market rate with the existing tenants. With a purchase price to be determined, this could be a valuable addition to an investor's portfolio, offering a worthwhile return on investment.