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Victoria Road, Mablethorpe LN12 5 bed block of apartments for sale
Victoria Road, Mablethorpe LN12
£244,000
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.