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Block of flats
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 are leasehold, with varying lease lengths, but offer potential for freehold enfranchisement. The current tenants, who have been in place for several years, generate steady rental returns, with the potential to increase income to market rates. The properties are conveniently situated near the town center, bus stops, and transport links to the train station and Loughborough University. The investment opportunity offers a worthwhile addition to an investor's portfolio, with an annual gross income of £37,200 and potential for growth.