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Seal Square, Seal House Seal Square... 9 bed detached house for sale
Seal Square, Seal House Seal Square, PO20
£700,000
Seal Square, Seal House Seal Square, PO20
£700,000
Our Summary
- This freehold investment opportunity presents a substantial building comprising seven flats, including a detached bungalow, situated in close proximity to the beach
- The property offers significant potential for improvement, as both the building and individual flats would benefit from updating in order to maximise rental income
- We are advised that the current annual income is circa £53,580, which does not include two flats that are presently unlet, highlighting further scope for increased returns
- Building and flats will require updating to maximise rental income
- Investment opportunity
Description
This freehold investment property is a substantial building consisting of seven flats, including a detached bungalow, situated close to the beach. The property requires updating to maximize rental income, with current annual income of circa £53,580, excluding two unlet flats. The property offers a top-floor flat with sea views, communal outside space, and private storage sheds for each flat. The exterior features a communal garden, hard-standing, and decked areas, as well as six parking spaces, with potential for a seventh. The property is well-suited for investors seeking a project with excellent long-term prospects in a sought-after coastal location.