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

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

Victoria Road, Mablethorpe LN12
£245,000

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
Price Change -10.91%

Description

This multi-unit property in Mablethorpe is a lucrative investment opportunity for landlords, currently generating a steady annual gross income of £26,400. The property features 5 bedrooms, parking spaces, and a modern kitchen, offering a comfortable living space for tenants. With long-term tenants already in place, the new owner has the potential to increase the annual income to a market rate of £34,800, making it a worthwhile addition to an investment portfolio. The property's current rental returns provide a solid foundation for investors, and with the guidance of Let Property Sales, the transaction process is designed to be smooth and efficient.