Block of flats

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Block of flats

Victoria Road, Mablethorpe LN12
£255,000

Price History

Initial price £275,000
28/12/24 £265,000
03/01/25 £260,000
11/01/25 £255,000
Price Change -7.27%

Description

This multi-unit property in Mablethorpe is currently generating a steady income of £26,400 per year from its tenants, with potential to increase to £34,800 with a new owner. The property features 5 bedrooms, parking spaces, and a modern kitchen, making it a rewarding investment opportunity for those looking to add to their portfolio. With a current purchase price, the annual gross income makes for a worthwhile addition, and the new owner can capitalize on the existing long-term tenants to maximize returns.