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Merrin Court, Loughborough LE11 5 bed block of apartments for sale
Merrin Court, Loughborough LE11
£405,000
Merrin Court, Loughborough LE11
£405,000
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 multi-unit property, located in Loughborough's cultural quarter, consists of four former stable buildings from the historic Windmill Inn, built around 1650. The properties, including 1-4 Merrin Court, are currently generating steady rental returns for the current landlord. The properties have a mix of leasehold and freehold shares, with the option to enfranchise the freehold at reduced costs. Tenants are currently in place, with long-term agreements and pending rent increases. The properties have a range of features, including original Tudor footprints, flying freeholds, and shared utilities. The current annual gross income is £37,200, which could be increased to £38,400 with market-rate rents. The property offers a worthwhile addition to an investor's portfolio, with the potential for increased rental yields and capital growth.