Victoria Road, Mablethorpe, LN12

5 bedroom Multi-Unit Property in Mablethorpe

For Sale
Offers Over £244,000
Current Yield 8.3 %
Potential Yield 11.0 %
Property Reference: 212742974
  • Multi-Unit Property
  • 5 Bedrooms
  • 3 Bathrooms
  • 2 Receptions

Property Features

Property Features

  • Multi-Unit Property
  • Buy-to-Let Opportunity
  • Portfolio of 2 Apartment Flats and 2 Commercial Units
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Parking Spaces Available
  • Modern Kitchen
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

A portfolio of 2 apartment flats and 2 commercial units located in Mablethorpe with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The portfolio consists of two apartment flats — one 2-bedroom and one 3-bedroom — along with two commercial units: one storage unit and one charity-operated space.

Investment details

The properties currently produce an annual gross income of £26,400 which could be increased by the new owner to a market rate of £34,800 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Helpful Information

Property Reference: 212742974

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £2200
  • Potential Rent pcm: £2900
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: Moved in within the last 2 years
  • Tenants means of funding: Employment
Property Reference: 212742974
Property Reference: 212742974

Property Location

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Request DetailsVictoria Road, Mablethorpe, LN12

Offers Over £244,000

Make an offer
Victoria Road, Mablethorpe, LN12

Listing Price

Offers Over £244,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.