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

>

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

Victoria Road, Mablethorpe LN12
£244,000

Price History

Initial price £275,000
28/12/24 £265,000
03/01/25 £260,000
11/01/25 £255,000
17/01/25 £250,000
01/02/25 £245,000
01/03/25 £241,000
14/03/25 £237,000
21/03/25 £233,000
27/03/25 £258,000
04/04/25 £253,000
11/04/25 £248,000
18/04/25 £244,000
Price Change -11.27%

Description

This portfolio of two apartment flats and two commercial units in Mablethorpe is generating steady rental returns for the current landlord, producing an annual gross income of £26,400. The properties have long-term tenants in place, and the new owner could increase the income to a market rate of £34,800. The portfolio offers a worthwhile investment opportunity, with the potential for a strong return on investment. The properties consist of a 2-bedroom and 3-bedroom apartment flat, as well as a storage unit and a charity-operated space. With a steady income stream and opportunities for growth, this portfolio is an attractive option for investors looking to add to their property portfolio.